Weekly
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USD/JPY
We are currently in wave 2 of a new impulsive thrust out of symmetric triangle. Once this wave 2 ends we should see a very powerful rally higher towards 103.95, but we need a break above minor resistance at 99.98 to confirm that wave 3 higher is developing. As long as resistance at 99.98 protects the upside we could see a slightly deeper correction towards 98.12 before wave 3 will be ready to take of.
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