This is a possible wave counting of USD/JPY which has ABCDE mid-size consolidation within its wave (4 ). And its ABCDE consolidation is an ascending parallelogram type (Green zone ): which has approx. 959 pips vertical width.
Therefore initial target of wave (5 ) will be at: 105.19 + 959 pips=114.78
After that area (114.78), major-2 (Alt. B ) wave coming down to the bottom of Green Zone. Then Final upward wave (Alt. C ) will be climbing up to 153.50 area. tradingview.com/v/OVXKgRYK/
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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.