7pasos

USDJPY about to end its rally

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
After a elongated rally is not rare to find an ending contractile diagonal.
Usually this create a snap reverse.
Usually this pattern exceeds the 1-3 line when form it's 5th wave
In this scenario the 1 to 1.618% proportion for wave 5)) increases the odds of the turning point.

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