The BOJ has triggered buying once again in the xxxjpy pairs as they have reaffirmed further QE measures to be taken.
The pair has also completed a 3 wave correction against the main trend which has lasted close to 1 year now.
Levels
134.00 - Yearly low and bullish invalidation point
141.22 - Resistance and previous completion area for b wave of smaller degree
143.00-143.50 - Resistance zone
148.41 - Equal legs target
The first chart below shows the simple ABC corrective wave structure which is …
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