Since the markets are just grinding today, I'm getting some updates in. I believe USD/JPY put in a wave 1 or A leading diagonal to the downside which was just retraced in wave 2 or B. If this count is correct, we can short anywhere in here with a Stop-Loss at 99.20 and downside projections of 93.40 for a C wave and 90 for a 3 wave.
Setup Chart:
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