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USD/JPY has continued its move lower from the 84.16 top (the top from mid-March). While the previous idea that Long-Term low is already in place, is still possible, it is no longer prefered. Most likely we have some sort of Triangle here as shown on the chart above. The question is if this triangle is bullish or bearish. Honestly I have no objective measures to guess that. So, I am neutral here.

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