Love2trade
Short

Possible Down Move to 92.0 Area

FX:USDJPY   U.S. Dollar/Japanese Yen
85 0 0
Using Elliot Wave analysis, it looks like top 5th wave was at 103.5 area and now the dollar is finishing a,b,and c corrective waves. However, 97.0 area is acting as support level and the dollar needs to break through this support to confirm the down trend. 94.0 could also act as 2nd support again before going lower. US news might prevent the down move also if data continues to be better than expected, and interests rates stay at .25
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