Here is another possible count for the correction USD/JPY has been stuck in for most of this month. The move from 91.60 looks to be corrective so I think we are in for one more drop before a move upwards. I am going to attempt a small long position from around 91.40, with a 30 pip stop. Right now there are numerous possible counts for this pair, so if you are a conservative trader I would recommend staying away from it and focusing on something else. If equities drop off hard over the next few days as many people are expecting, USD/JPY will likely remain weak.
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