USD/JPY Pair Seems To Be Heading Towards 114-116

Both strong and much stronger than expected ADP (employment change in USA) likely triggered bullish move in USD/JPY pair which has been confirmed also technically (chart bellow).

USD/JPY pair is in wave 3 which is supposed to take the pair either to 113.70 or 115.80 before shallow correction is supposed to take place.

We believe 115.80 level is more likely down to both fundamentals and also technical characteristics of the pair.

USD/JPY 4H Chart

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