USDJPY Update III : Correction May Be Over Soon

On th Daily chart pair is trading in a correction in black wave (4) almost reaching the fibo. level of 0.618 of previous black wave (3). As we see price already made two legs down in blue wave A and blue wave C, thus completing the zig-zag pattern in black wave (4). Once the correction is over, we may expect price to move towards 126 - 127 area.