USD/JPY wave ABCDE is progressing since 122.02 (Nikita FX )
This is my latest amended view of USD/JPY's wave pattern.
Since 121.84 wave WXY had finished, and larger ABC started since 115.83.
Since 122.02 wave larger B-ABCDE is progressing. It is now wave B-D.
We will need wave E (Fib.61.8% at 119.09), and target of wave larger C will be at
119.09 + (vertical width of triangle at A bottom: 310 pips)=122.19
And later USD/JPY will be plunging much more heading for June. (114--115 )
If not, exceeding over 122.19, it will go climbing up to 135 Yen level......
Nikita FX (climbingfx.jugem.jp/ )
Since 121.84 wave WXY had finished, and larger ABC started since 115.83.
Since 122.02 wave larger B-ABCDE is progressing. It is now wave B-D.
We will need wave E (Fib.61.8% at 119.09), and target of wave larger C will be at
119.09 + (vertical width of triangle at A bottom: 310 pips)=122.19
And later USD/JPY will be plunging much more heading for June. (114--115 )
If not, exceeding over 122.19, it will go climbing up to 135 Yen level......
Nikita FX (climbingfx.jugem.jp/ )
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.