USD/JPY - Short-Term Bearish - Short Set-up
100 Levels posed as very significant and the overall Correction began.
Intermediate Corrective Waves A and B have been confirmed.
Within the Intermediate C Corrective Wave, we have confirmed the Minor Waves 1 & 2.
3rd Impulsive Wave is not yet finished as we are expecting a Contraction on the down-side in order for the Minute Wave 4 to complete and then another Bullish Swing so that we will complete the 3rd Impulsive Minor Wave.
Short-term: Bearish
Medium-term: Bullish and then Bearish
Long-term - Bullish
Intermediate Corrective Waves A and B have been confirmed.
Within the Intermediate C Corrective Wave, we have confirmed the Minor Waves 1 & 2.
3rd Impulsive Wave is not yet finished as we are expecting a Contraction on the down-side in order for the Minute Wave 4 to complete and then another Bullish Swing so that we will complete the 3rd Impulsive Minor Wave.
Short-term: Bearish
Medium-term: Bullish and then Bearish
Long-term - Bullish