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USD/JPY: Elliott waves (Feb. 3)

Daily. The pair keeps forming upward impulse (V) of [v] of 1.

Chart. Daily USD/JPY

H12. We are seeing the formation of the correctional wave IV. The most important task in the near future is to identify the market’s turning points.

Chart. H4 USD/JPY

H4. It seems that USD/JPY is forming a final impulse wave (C). In the coming days we’ll see a decline. When the price reaches approximately 100.62, the market may turn around. In this case, the pair will start building the wave V.

Chart. H1 USD/JPY

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