23 May USD JPY Elliott wave analysis: rally resumption?

The chart above shows a probable end to the a-b-c zigzag correction and price showing some signs of bullish continuation. A dip below 110.82 and 110.20 will lead to more bearish move. A break above 111.7 should be enough to confirm the expected bullish resumption. If price rallies above 111.7 and eventually above 114.5, we can then say we have successfully picked a bottom at 110.20. More updates will come later.

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