USDJPY

After the topping at 125.855 high (Jun 5), the USDJPY seems to be tracing out the overlapping Minute waves in a bearish leading diagonal as Minor first wave down.

This bearish concept will confirm that broad trend has reversed from bull to bear.

On this daily frame, the bearish outlook still remains now against the 124.370, in anticipation of a Minute fifth wave decline of the Minor first wave in progress.

USDJPY - Daily

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