USDJPY : Potential Wave 5 setting ?
It appears wave 2 of wave 5 may be in place at 158.88. A display of a 5 wave pattern suggests an impulse down may take form eventually.
A break of the supporting trendline adds pressure to the downside. The downside outlook nullifies with prices moving above 158.88.
A break of the supporting trendline adds pressure to the downside. The downside outlook nullifies with prices moving above 158.88.
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