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USD/JPY: bearish 'High Wave'

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There'a 'Shooting Star', so the pair is likely going to test the closest support at 109.89 in the coming hours. A pullback from this level could be a starting point for an upward price movement in the direction of the next resistance at 110.80.

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The last bearish 'High Wave' has been confirmed, so the price is likely going to test the nearest support at 109.89. If any bullish pattern forms next, there'll be a moment for another advance.

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