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Trading , Currencies

Japanese Yen (USD/JPY): “One Heck of a Ride”

by Editorial Staff
Updated: July 21, 2022

Ending diagonals are high-confidence Elliott wave patterns that appear when the market has gone "too far, too fast." When they end, markets reverse -- often, dramatically. Watch our Currency Pro Service analyst Michael Madden walk you through a couple of USD/JPY charts to illustrate the point -- and show you what to look for. (Also in focus: USD/CAD and AUD/USD.)

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