Here is an update of my USD/JPY count from earlier today. As you can see the W-X-Y could be counted as an A, with the Double-Three X a B, and the Z wave which is yet to come, a C. I have drawn in a Fibonacci of the W-X-Y move and placed it from the 61.8% Fibonacci of the entire move up. As you can see price is stalling around the 61.8% mark (Waves A and C are often related through a Fibonacci percentage) and I think price will likely soon turn downwards. 87.10 is the target where I will be looking to get long.
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