Usdjpy completing a 5th Elliot wave and broke downward trend line. Since breakout, we have currently retraced back into the 111's and buying opportunities exist between 110-111.30
If this the the first leg of a new 5 wave Elliot wave, we can expect price to go back to 118 or higher.
If this the the first leg of a new 5 wave Elliot wave, we can expect price to go back to 118 or higher.