USD/JPY wave (d) of the B-wave triangle developing

Wave (c) of the B-Wave triangle ended at 102.79 and Wave (d) towards at least 101.53 and possibly even lower towards 100.80 is developing. A break below minor support at 102.09 confirms the decline towards 101.53 and maybe even lower.

Short term resistance is found in the 102.54 - 102.64 area.