$USDJPY (7.26.2013)

Wave (( b )) high appears to be in place @ 100.87 and wave ( b ) of (( c )) also appears to have completed @ 100.46 . While below 99.41 expect further weakness in the pair toward 97.56 (equal legs) to complete a corrective down cycle from 101.54. Further support comes @ 1.236 ext (96.80) and as pair finds support in this region, we like it to turn higher again.

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