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November 5, 2016 | USD/JPY Daily Wave View

Jack has over 20 years experience in the currency, equity, and futures arena. He is an investment advisor who has held key positions in brokerage, money management, trading, and research. Jack is founder and president of Black Swan Capital LLC. He was also founder of Ross International Asset Management (specializing in global stock, bond, and currency asset management for retail clients) and General Manager of Plexus Trading (specializing in currency futures and commodities trading).

USD/JPY Daily [last 102.94]

3 November 2016/1:47 p.m. ET

Current Position

Correcting lower in Wave C of B

Price Target: 97.55

Support: 100.07/99.53

Resistance: 105.53/107.47


The sharp reversal from the high at Wave B, 105.53, last Friday adds confirmation Wave B as labeled was corrective, and new trend move lower in Wave C is likely underway.  Based on equality, the target for Wave C is 97.55.

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November 5th, 2016

Posted In: Black Swan Currency Currents

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