Looking at the weekly chart for CADJPY pair we can make an assumption based on Elliot wave corrective patterns that Weekly running flat is completed. By Elliot rules, the C wave in a running flat does not go and break the end of the A wave in the correction. In this case, it is very risky to get in sell setup there are still 120 pips to break the end of A wave which would give us the possibility for the expanded flat weekly corrective pattern. Longer-term sell setup for all YEN pairs except USDJPY.
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