USD/JPY is still trading higher and is showing an impulsive bullish structure from the 89.70 support zone.

We can clearly count five blue sub-waves up from that region, which suggests that a near-term top is near, since the pair is already trading in a blue wave (v) that will accomplish an extended wave 3 structure.

A short corrective move will be shown in the near future, in a black wave 4, before pair will be able to trade even higher. The next resistance that trades should pay attention to is at the 94.00 region.

For a Elliott Wave Chart of the USD/JDY, view this link.

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