USDJPY-Short & Long Term Forcast

USDJPY is currently in a corrective move to the downside. Potential target zone are clearly marked on the chart. After the correction is finished price will resume the uptrend to retest the 5year trend line around the 106.00 area & perhaps try to erode that resistance. For now exercising extreme caution on the downside movement is highly advisable while we wait for the end of the correction phase

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