USDJPY had rallied from 103.18 through 105.65 earlier carving Wave 1 of C. The subsequent drop has been unfolding as a triangle a-b-c-d-e, which terminated potential Wave 2 around 103.90 yesterday. If correct, we might witness a sharp rally towards 107.30 and higher as Wave 3 unfolds.
Buy against 103.18, targeting 107.00 and higher
Buy against 103.18, targeting 107.00 and higher