USD-JPY Top in October 2018

Last Sunday, we said that the USD-JPY could rally to 114.50. This week, on Oct. 4, the USD-JPY rallied to 114.55. Also, last week, JPY-sentiment reached an extremely oversold condition for multiple trading days, so the USD-JPY should’ve topped at 114.55 on Oct. 4 and started wave C of Y of (iv) down to 104.50.

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