Current Profit: +50 pips
USDJPY: Heading Higher To Complete Wave X of Larger Correction
You can see here that what I am seeing is that prices are now in the wave y of X which is expected to be impulsive. Of course, there is an ALT scenario that says that this may still be in the wave x and not the wave y but it still would suggest that a BUY is called for.
Prices have now bounced off the minor TL that I have drawn here as well. And there is a POTENTIAL Bat that is in play now.