Hourly Forex Trading Strategy #JPY - Still room for 79.85

The erratic decline is still consistent with a terminal C wave declining wedge pattern. As the 81.20 level caps there is scope for a drop to the ideal 79.85 downside target. From there or an upside break of 81.20 confirmed on a break of the 81.70 level expect a quick return to 82.75 as the larger of a much larger uptrend. (Ref:

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