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USD/JPY showing intentions to proceed deeper with it's bearish correction towards 106.50's and possibly bellow. However, notable intraday bounces in 107.70's are possible. 104.60's lows have to hold for later bullish scenarios. H4:
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USD/JPY continues monthly swing correction
USD/JPY continues correction of the monthly swing. A lower low that was made in June 2013 below 95.80 act as a confirmation of ongoing correction. One of the most probable bear targets is the middle of monthly bull swing at 89.60’s.