During Friday trading the USD/JPY reached the 83.58 target level, corresponding with the 1.618 Fibo, between the 1st b (3rd or c) and the 3rd b (3rd or c). Given this, we might suppose certain decline of the price in the range of the 4th wave in this 3rd, before resumption of the growth in the direction of its target level located near the 84 figure level. At the same time, overbought indicators probably imply a quite continuous forthcoming correction.
