USDJPY – Potential Wave C Downside SetupUS Dollar/Japanese YenFX:USDJPYwavemaster_On the higher timeframe (Daily), a full 5-wave impulsive structure appears to be completed. This shifts the focus towards a larger ABC correction, where Wave A and B are likely already in place. Wave B unfolded as a complex WXY structure, supporting the corrective nature of the move and increasing the probability of a continuation into Wave C to the downside. On the lower timeframe (1H), we are tracking a potential 1–2 setup. A break below the confirmation level at 157.504 would validate the bearish scenario and signal the start of a potential impulsive move lower. Entry (confirmation): Below 157.504 Stop Loss: Above Wave 2 high (~159.66) Additional confluence comes from bearish MACD crosses on the 12H and Daily timeframes. This is a conditional setup based on structure and confirmation — not prediction.