The USDJPY (now at 102.18) is heading towards the supports at 100.73-100.64 and 98.35-98.31 (see weekly chart) despite the best US unemployment report of the last 5 1/2 years.
TARGETS
likely: 100.73-100.64
possibly: 98.35-98.31
maybe: 96.86-96.77
ELLIOTT WAVES
The weekly chart shows that wave 4 (in black, font 9) is not complete. After waves 1&2 (in green) we now started wave 3 to the theoretical target at 98.35-98.31, ie. the target within wave 4 of a smaller degree. Then the uptrend might resume.
monthly chart - click to enlarge
daily chart - click to enlarge
wave oscillator over the daily chart - click to enlarge
4-hour chart - click to enlarge
1-hour chart - click to enlarge
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