On the daily chart of USD/JPY we see price unfolding a bigger A-B-C move, up from 101.16 level, which can belong to a bigger triangle consolidation. As you can see, wave A found a high at the 111.74 level, from where a three-wave, complex set-back started developing. This set-back is a wave B, and can be near completion, therefore be aware of further upside, above the 109.84 level in days/weeks ahead. That said, we would like to see a rally in five legs of a lesser degree from current 106.03 swing low, which would be first evidence of a completed wave B correction, and that wave C is underway.


USD/JPY, Daily https://d1-invdn-com.akamaized.net/content/pic8ce6a0245442149f4d6555ed20a5a1a4.png USD/JPY, Daily 
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