A correction might reach the 108.80 area, or lower.

A correction of the rally from 104.62 to 111.39 might find support in the area of the fourth wave to 108.64 and the 38.2% retracement target at 108.00. The lower target at 107.21 represents where the correction would retrace 61.8% of the advance. A correction should end after three waves
FibonacciTrend AnalysisUSDJPYWave Analysis

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