Started from the low of wave 5 as the pair had finished the important cycle low. Right now very bullish outlook.
Wave 3 looks finished, so now a little retrace needed befor final wave 5 will develop.
Regression channel shows direction.
Stay tuned for H4 count.
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/usdjpy-daily-count.html
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