Trend is bullish in chart of USD/JPY currency pair. Vital Support could be seen around 116.19 price level. Based on Elliott wave count, current decline in price was just a Zig Zag corrective wave pattern. So, I expect price to resume an up trend and to move towards 126.00 price level in coming trading days. Current price action offers a buy trading chance to join an up trend. If bearish candlestick closes below 116.19 key support level then up trend is going to end. In this case, I would prefer to stay out of the market and re-analyze the price action.
