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.
Komen
iSummer
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Your wave count might not be accurate since it breaks the guidelines. Wave 4 should not get into wave 1 territory. You might just be looking at Zig Zag.