nikitafx

nikitafx

Black Line is a parallel line with the Blown Line (uptrend line since 105.18). As far as being below Black Line, USD/JPY is easy to be plunging downside. This Black Resistance Line will reach at 121 area on X'mas Day (12/25), I am not sure whether it would reach that area or not, however this currency pair is now in a very critical zone. Nikita FX (climbingfx.jugem.jp)

nikitafx

USD/JPY has two major uptrend Channels. Now it looks like a Channel breakdown (Purple zone). Then I am assuming more complex downtrend wave into Blue Channel zone is coming. The target is roughly 112 mid/113 mid. Nikita FX (climbingfx.jugem.jp)

nikitafx

According to my Fractal Top Out scenario of USD/JPY, we are now here. Recovery from 115.56--117.76, is only initial Phase for the downward target: 113.29 H&S breakdown target: 113.29 (This kind of recovery used to be happened after H&S neckline breakdown as so called Neckline Recovery: neckline level now is 117.70) Historical Fractal pattern is now...

nikitafx

Since 117.93 (bottom of wave 1), wave 2 will have ABCDE triangle consolidation. Due to Jap. Election, wave 2-E spike would be happened on Monday (maybe with a Gap). However it won't be bullish anymore. Next wave 3 will be coming after 2-E spike. And this goes to forming a Big H&S, too. Nikita FX (climbingfx.jugem.jp )

nikitafx

This is my latest wave analysis of USD/JPY since 121.68 (not 121.84). According to wave length of 3-sub-5-3, max. target of 3-sub-5-5 should be at 121.72. Although Dec.08's peak was 121.84, it was a Flat expanded 2. The initial wave Red 1 finished at 117.93. And Blue A almost equals to Blue C which was topped at 119.55 this evening (EST). These ABC were wave Red...

nikitafx

I would say that USD/JPY has already formed its Big H&S formation. Condition: present rebound wave should be below LS 1--RS trend line. If we assume H&S with (LS 1--Alt.RS ), it has already broken its neckline at 117.87. If we assume H&S with (LS 1--RS ), it needs a breakdown about 117.70 area again. In these case, minimum target of H&S breakdown will be at...

nikitafx

This H&S neckline will be broken, I am now assuming. If so USD/JPY is heading down for 112.73 level as its target. Watch out for the neckline (at this moment neckline is situating at 117.13 ) Nikita FX (climbingfx.jugem.jp )

nikitafx

From my view of USD/JPY's Fractal Top Out scenario, EUR/JPY has also hit the highest point at 149.78. However it suggests a Big picture of breakout above Mega-declining Channel (Blue & Blown lines) upper line. Therefore next consolidation wave should be supported above the Blue line. Long-term view is LONG, but mid-term is SHORT. Nikita FX (climbingfx.jugem.jp )

nikitafx

2005.Dec. 05's Top:121.38 & consecutive Decline to 108.96 will have Fractal Top Out relationship with 121.84 of Dec.05 this year. Their starting points & total upward wave length are alomost the same. Therefore I would say that USD/JPY had already started 5 months-long Declining Phase. It would be able to reach 108.96--109.40 at maximum. The last A Phase was...

nikitafx

USD/JPY's Critical Trend lines are crossing at 119.38/48 area (Dec. 09 14:00 EST). If USD/JPY cannot close above these Blue, Pink, and Red Trend lines, we would expect one more deep declining down to Yellow zone within this week. Nikita FX (climbingfx.jugem.jp )

nikitafx

I would say USD/JPY started Fractal Drop. If it won't recover up to Resistance zone 2, it will drop more down to 116 high. Nikita FX (climbingfx.jugem.jp )

nikitafx

AUD/JPY's IH&S target: 105.46 has not yet done. However we still have to have one more leg up (4-E ) and leg down with wave 5 ( down to 99.02 ). Declining consolidation will be completed just above the IH&S neckline. Then Final upward wave will be coming later ( target will be at 105.46 ) short term view is SHORT, and mid term view is LONG Nikita FX...

nikitafx

I am assuming a high probability of this Fractal Spike & Drop (repeating wave Crash after '95.04--'97.04's 4775 pips Spike). We are reaching Final '90--'98 descending resistance line at 123.61 (Dec. 05) and Present wave 5 (if Fib.76.4% projection of wave 3 ) will be reaching at 123.30. Next wave is Major-2 which has Fib.23.6--38.2% retracement of whole length...

nikitafx

This is my latest wave counting of GBP/JPY which shows some more uptrend with 3-sub-5-3-3. Ideally its target will be (183.96 + (186.11-181.08) x Fib.161.8%=) 192.10 Final wave 5 will be able to reach at 200.00 as I mentioned before. Nikita FX (climbingfx.jugem.jp )

nikitafx

If USD/JPY will repeat its historical Fractal 4775 pips spike & 1685 pips drop ('95.04 to '97.04 and next only 5 weeks), this Chart shows how wave goes..... This was 35.29% drop. WaveTrack.com mentioned almost same thing........: www.wavetrack.com Nikita FX (climbingfx.jugem.jp )

nikitafx

Well, well, NFP was positive and USD/JPY reacted blowing up. This Chart shows us we are now still on wave 3-sub-3-5-5's final stage. Until true wave 4 will be coming, we have one more small leg up. Its target will be at 121.72 (around wedge upper line). Wave 4 will have not a big plunging in this case. TP 1 is down to Pink Channel upper line (approx. 120.40 )....

nikitafx

Since 117.23, wave 3-sub-5 which consists 5 waves is going on. Today's drop from 120.25 was too short to real wave 4. Therefore we are now still on wave 3-sub-5-5 (up to 121.24). Real wave 4 will be coming much later. Nikita FX (climbingfx.jugem.jp )

nikitafx

If my wave analysis is correct, max. wave 3-sub-5-5 should be below 119.58. Yesterday's low: 117.85 was 3-sub-5-4. Ideal target of 3-sub-5-5 is 119.21 (Fib.78.6% projection of wave 3-sub-5-3 )----so far highest 119.28 has done already. Which is still lower than ex-Green Channel bottom line. Nikita FX (climbingfx.jugem.jp )