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iSummer

Possible long on USDJPY as retracement and corrective wave

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
iSummer  
FX:USDJPY   U.S. Dollar / Japanese Yen
Wave Analysis Elliott Wave usdjpylong USDJPY wavetheory correctivestructure retracement
7
0
waveanalysis elliottwaves usdjpylong usdjpy wavetheory correctivestructure retracement
After that nice impulse wave down, we should see a correction. By Elliott's guidelines, correction could extend to the 4th wave give a possible target of 112.685. Fits nicely with my XAUUSD short idea.

It's nice that the target is the confluence of two fibonacci levels.
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