USDJPY turned to the downside yesterday, away from 107.89 high where a double top was found for black wave A. Current reversal can now be in five minor waves for blue sub-wave a as part of a three-wave pullback. Once sub-wave a unfolds, a new temporary correction as wave b may follow, followed by a new drop into final leg c of B. On that note the whole corrective decline from 107.9 level can find support near the 106.10/106.45 area.
USDJPY, 1H
