Moraelin

Elliott wave take on UJ

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
1
I believe we're approaching final leg of an UJ Elliott wave which may lead us to 114.8 (TP1) - 114 (TP2) levels, which can prove some support and start the retractment pattern. I expect leg 4 to continue a bit more towards MA200 before the next leg down.

Disclaimer: this is a personal opinion, I'm not responsible if you decide to follow this.