#USDJPY 60 MN Elliott Wave Count

FX:USDJPY   U.S. Dollar / Japanese Yen
There are a number of ways we could count this move up right now, This could just be an BAC             correction up and we go lower to new lows before heading higher. I think the pair is headed for that 135.00 area so for now I am going with the idea that wave 3 is nearing an end and a wave 4 is about to take place. Another bullish option is the nested 1-2 count and we see a deeper pullback from near levels for a 2nd wave before a strong move higher.

The line in the sand here is way down at 101.19.

The 105.50 area may show some support on pullback.
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