USD/JPY Outlook

Greetings.

Let’s take a look at the USD/JPY pair.

It does seem that we are in the potential 3rd wave of a 3 wave correction so look for the pair to potentially head up to test the 82.50 area.

Once this correction is complete, look for the pair to turn back down to the downside. Depending on the retracement we see, we could potentially see a break to the 75.00 area when the downward trend continues.

Good luck with trading.