Watch for corrective consolidation in USDJPY to give way soon

There are signs that a bearish Elliott Wave structure persists for USDJPY. There is support now at ¥108.50/¥108.35 and downside potential for a move towards ¥107.35 and then ¥106.90/¥106.65.

Source: TradingFloor.com (Max McKegg of Technical Research Limited)
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