Although we could make another low, the last upmove looks like some sort of a leading diagonal. The downmove doesnt look really sharp right now. Buying the breakout for a c-wave at least seems a good idea. Maybe this is the start of total upside.
USDJPY is making a correction to the downside. It looks like we are about to start the second leg of the X-wave of a WXY going to the downside. The equal legs for C of X match nicely with the 0.618 retracement of the W-wave down. So this is a possible target for a start of the Y-wave. Good luck to anyone!