Here is a detailed 10 minute chart of the correction we have seen in the USD/JPY pair thus far. Although there are multiple possible counts, the main thing that is apparent is that the wave I have labelled as Doube-Three X is corrective in nature, with multiple overlapping waves. This means it is likely there will be another, more impulsive looking wave down before further upside. The 61.8% Fibonacci is a good target. I will be setting orders to buy positions there.
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