USDJPY – 97.65 target hit. Wave-iv range ahead of new lows

The bear flag target of 97.65 has been achieve but this is not our terminal downside target for this Wave-C decline. The 1.618 extension target between (a) and (c) and the Wave-C triangle target align still lower at 95.60/40. For now a range-bound consolidation is expected ahead of new lows.

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