25 November 05:01 AM
It was previously reported that North Korea had shelled the island of Yeonpyeong (South Korea). In response the Japanese authorities warned that they would toughen the sanctions against North Korea, however without specifying the ways and means.
After the military incident the Prime Minister of Japan said that the situation was unstable and unpredictable.
Meanwhile, at Forex the JPY currency rate keeps retracing after prolonged growth. Experts from the Department of studying Masterforex-V trading system report that USDJPY has finished wave C of level H8. At the moment the price is developing the “moment of truth” for the bearish wave. In case the high at 83.84 is broken through, there will be either wave 5 along the trend or another wave A in the continuation pattern called “the Hound of the Baskervilles by Elder/MF”.
The breakout of the low will initiate a retracement against the entire wave D2 (80.24-83.84)
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