USDJPY structure remains intact above 103.18

USDJPY terminated a potential Wave 2 around 103.50 levels yesterday. The triangle count did not work out as projected as bears managed to produce a combination for Wave B within correction. As stated earlier as well, corrective waves usually reveal past price action. If Waves 1 and 2 are now correct, USDJPY bulls are back in control and heading towards 105.00, 106.00 and further.

Long against 103.18, targeting 107.00 at least.