Elliott Wave Analysis: USD/JPY Eyeing 108/109 Zone

The strong dollar may push USD/JPY even higher, after we noticed a bullish setup formation from the lows with five waves up, and a recent three-wave a-b-c set-back. That said, be aware of more gains within a new five-wave bullish cycle that can send the price into 108-109 area.

1-Hour USD/JPY Technicals

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