Usd/Jpy Double Bottom?

Usd/Jpy has 2 equal legs from the 85.81 top. If the corrective wave is complete, this would also leave a double bottom.

A bottom for Usd/Jpy ?

Here's a possibility for a bottom in Usd/Jpy in the form of an ending diagonal. In an ending diagonal wave 5 cannot be larger in price than wave 3, so price cannot go below 78.35. On the other hand, if this ending diagonal is a wave 5 on itself, then it should ( but doesn't have to ) go below the bottom of wave 3, which is the all time low at 79.76. This gives a small range for price to bottom at...

Usd/Jpy update

Usd/Jpy could have completed wave B. If completed, look for price to go higher in wave C.

Here's my count from June 1st 2010:


And here's the updated count :