USDJPY is in a strong bullish mode for the last few months so current pullback is just a temporary pause within an uptrend that may look for a support at 112.00-113.00 region. We see this bearish activity as corrective wave 4, that seems to be unfolding as a double zig-zag pattern. If that is the case then reversal should be near as structure shows all needed sub-waves for a valid fourth wave. From a confirmation point of view, a bounce back to 115.47 would be a trend changer.
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