USDJPY – 04.10.2016


usd_jpy_04-10-2016

The USD/JPY pair has almost reached the target of the five-wave correctional structure. We think, today the price may fall towards 100.96, thus forming a new consolidation range. If later the market breaks this range downwards, it may move according to the main scenario and reach the local target at 98.00; if upwards – continue the current correction towards 103.00.

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