USDPY is trading higher and now forming much sharper and extended pull-back from 93.78 than previously thought.
However, this rise is still in three waves with wave C now approaching the important resistance area at 101.50-102.00 where we can see a 78.6% retracement of wave A)/1) and as well as wave A=C level.
As such, it is a very important zone for a possible turning point.
But only an impulse sell-off from here and back to 99.00 will confirm our bearish bias.
