USDJPY EW analysis - Third wave down beginning new bearish cycle

FX:USDJPY   U.S. Dollar / Japanese Yen
104 4
The USDJPY has topped on an extremely bullish NFP report sending the pair to new extremes of price and sentiment. This was a wave V advance, and the dumps immediately after the complacent buying have more than retraced the gains. This is a primary wave of a new bearish cycle, the third wave may take us below $120.

Hi Chessnut! Could you please share larger degree picture for USDJPY?
aibek chessnut
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hopium signal is high
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