As expected, the USD/JPY currency pair continued to move in a horizontal corridor above the correction level 23.6%, forming a quite complex inner wave structure of the current correction. At the same time we should not eliminate the possibility of the estimated 4th wave (in the 3rd) to obtain the shape of an inclined triangle with the price slumping to the correction level 38.2%. At the same time, overbought Stochastic might indicate further resumption of the pair’s growth.
