After two years of rally from 76 to 105, USDJPY is now in a correction. It's trading below MA200. Wave B that's currently forming looks like a triangle, but can tell for sure yet. Based on some fib measurements, that are not on this chat for the sake of simplicity, I estimated 3 realistic targets for this correction: 1) Lowest point of wave 4 and a 0.382 retracement level at ~94 2) Start of Wave 5 up at ~97 and 3) the not so likely 0.236 retracement at 98.5