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Elliott Wave View: CADJPY Looking to Find Support

Elliott Wave view in CADJPY suggests cycle from October 21, 2021 peak is in progress as a zigzag structure. Down from October 21 peak, wave (A) ended at 90.40, and rally in wave (B) ended at 91.70. Pair is about to complete wave C with internal subdivision as 5 waves impulse as the 1 hour chart below shows. Down from wave (B), wave 1 ended at 89.69 and bounce in wave 2 ended at 91.27. Pair then resumes lower in wave 3 towards 88.38, and bounce in wave 4 ended at 89.43...

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