The USD/JPY pair pulled back lower than anticipated, breaking through the 45° trend-line and falling to 99.60. So strong is the up-trend that it will probably resume and continue higher to an eventual target at 100.70, the next count higher. A break above 100.20 could probably confirm such a recovery. The mid-term trend remains up so the current rally higher is, therefore, in line with the broader trend and so has a better chance of continuing. In fact, 101.80, the count from the most recent pull-back, provides an even higher target for the pair.
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