Japanese Yen Testing Low (USDJPY High)


Daily Bars

eliottWaves_usd-jpy_1_body_usdjpy.png, Japanese Yen Testing Low (USDJPY High)

Prepared by Jamie Saettele

"It is possible to count an impulse up from the November 1 low so the risk of a corrective decline is high. Initial support is 8280." Levels to watch for support are the mentioned 8280 (former 4th wave and 38.2% retracement), and 8160-8200 (former resistance levels and 61.8% retracement at 8180). The next level of resistance is 8470, then 8600.








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