Signs of possible a more profound JPY reaction
EUR/USD: The market did little on Friday to reveal whether the ongoing congestion/correction is completed or not. Two alternative wave counts (one with a completed correction high at 1.2998 and another with still a correction high to be set between 1.2998 and 1.3033) are at hand. Both however need a break of 1.2821 to confirm that the next leg lower is underway.
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