USDJPY Daily Elliott Wave Count
As I mention on the 4 HR Elliott Wave Count posted a few minutes ago, the wave (ii) low could be in at 107.652. The pair has been struggling with resistance at 109.7 for the last few months so another pullback before breaking higher is not out of the question.
Once above the 109.70 area I would look for a wave (iii) up to the next resistance of 112.40 and then 114.50. The 114.50 will be the strongest resistance because it is a Lower High or resistance area on the move down. I would look for a pullback in that area but that is a long ways out yet.
