USD/JPY Double Zig Zag wave WXY
USD/JPY's 116.07 was starting point of Double Zig Zag wave WXY.
W-x-y completed 118.68 (Post-NFP downward reaction on Oct.02), and the next upward wave Y
will be coming. Its ideal target will be at 122.50 around (which is Flag bottom line).
There will be two scenarios: if wave Y will be able to go above the Flag bottom line, another Major-
WXY wave will be coming (Yellow line).
If not, USD/JPY is going to plunge more down to 117.00 area.
Nikita FX Chart (climbingfx.jugem.jp/ )
W-x-y completed 118.68 (Post-NFP downward reaction on Oct.02), and the next upward wave Y
will be coming. Its ideal target will be at 122.50 around (which is Flag bottom line).
There will be two scenarios: if wave Y will be able to go above the Flag bottom line, another Major-
WXY wave will be coming (Yellow line).
If not, USD/JPY is going to plunge more down to 117.00 area.
Nikita FX Chart (climbingfx.jugem.jp/ )
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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.
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.