
Not surprising the yen as shown on these daily and monthly charts of $XJY also testing key levels. On the monthly, it did fall under that long-term shallow trendline level, but on the daily you can also see that it's at the 200-day simple moving average. It can still be simply an Elliott Wave flat correction, retaining the potential to move up to new highs as discussed on the monthly chart. Still - IF it does lose the 200-day moving average, and under the level ~99, then we look at the big-picture Gartley objectives (if memory serves, the main one is 83, and we'll definitely detail those if $XJY doesn't get support at these levels):

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