USDJPY Short
Updated
BoJ intervention area 160.
Retail traders are less short the pair then a month ago.
Elliott wave patterns suggest a decline even if it's temporary (orange waves).
We just had a decline just before invalidation of the orange scenario.
Retail traders are less short the pair then a month ago.
Elliott wave patterns suggest a decline even if it's temporary (orange waves).
We just had a decline just before invalidation of the orange scenario.
Note
We close to the bullish target. The momentum remains strong, and although we are already into intervention levels, prices might move towards 164.
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