Re: EUR/JPY CYCLES UPDATE Part1
Here's a longer-term USDJPY scenario that's likely to be on the cards for the time to come. There will be some correction of the downtrend later towards this Friday - early week after the FED rates come out (possible on positive USD news, maybe temporary cease fire).
What one should be aware of is that GBP seems to be the locomotive of the uptrend, and since it established new highs this year, EURO will do the same, only a question of time now (2-3 weeks at the most).
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