USDJPY - intraday update

As one of the bearish options (covered earlier) - a three-wave pullback should complete soon.
Price already retraced 62% against a potential impulse. The pullback itself may be a wxy (double zigzag) as shown on the chart. A level, where wave Y equals wave W for this scenario, represents a first likely level to watch for a reaction.

Good luck!

PS. If this scenario materializes, then price should overlap the extreme of wave W in an impulsive manner and make a correction. That will be a confirmation to sell.