USDJPY

In previous week, there is a reversal on the downtrend which complete the Elliot Wave for uptrend, however it might be a recovery wave in this current trend, which has to be retrace from the uptrend, in order to check for the downtrend, fib. retracement used to determine the direction and it is more possible to see a downtrend till 107.2, before it tends to look for uptrend once it breaks 109.220.
But overall, it is suggested to place a sell limit pending order on 108.700 to retest downtrend