#USDJPY riding the intermediate (C) wave down to 93/95 area
USDJPYTechnically, the #USDJPY made a primary top at 125.85 in June 2015 after completing 5 primary waves up from 75.57 since 2011, the pair now is in an intermediate correction labelled (A) (B) (C) where #wave (A) ended at 98.98 in June 2016, #wave (B) ended at 118.66 @76.4% Fibonacci retracement in December 2016, and currently wave (C) is unfolding where the pair is expected to reach 93/94 as a primary level.
but first, the pair can see the 108.60/108.90 before downtrend resumption.
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