Daily wave chart of the USD/JPY.
Current Position
Correcting lower in Wave C of B
Price Target: 97.55
Support: 100.07/99.53
Resistance: 105.53/107.47
Summary
The sharp reversal from the high at Wave B, 105.53, last Friday adds confirmation Wave B as labeled was corrective, and new trend move lower in Wave C is likely underway. Based on equality, the target for Wave C is 97.55.
(Click on image to enlarge)
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