USDJPY is showing us a nice example of the wave principle in motion, a higher degree impulse with wave four unfolding as a higher degree three wave correction. At the moment we see price trading lower, probably in sub-wave C of four. Later, an ideal reversal zone may be seen around the 50.0 or 61.8 Fibonacci ratio.
correctionElliott WaveimpulsiveUSDJPY

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