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Do you still remember my previous Chart (USD/JPY's Diamond Breakout target) ? : Its projection was extended up to Fib.461.8% ! which is: 76.52 + 923 pips x Fib.461.8%=119.14 (which is exactly same as highest point of Dec.01) In this case Wolfe upper line was also broken which is going to be a good support now. Therefore Blue-3 wave since 100.82 completed at...

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USD/JPY's 118.98 & 119.14 could be a Double Top. 119.14 spike was an overthrowing recovery into the Former Green Channel bottom line. It had already changed into new Pink Channel zone. In the event of breakdown through the Pink Channel bottom line, TP will be at 114.50/60 However if 117.50/60 (Pink Channel bottom line) will be maintained, USD/JPY is going into a...

nikitafx

NZD/JPY looks like a big wedge breakdown initially and now on Final recovery into the wedge Top (95.18 in Feb.16w 2015). Wedge breakdown target will be at 78.80 area. Nikita FX (climbingfx.jugem.jp )

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This is a bearish Flag scenario of AUD/JPY. Since 105.42, it completed its bearish Flag (or B-abcde correction ) at 102.83. If A=C, wave C will be at 83.80 which is between Fib.61.8% & 2/3 (66.666%) retracement of 5-wave uptrend move (72.04--105.42). Nikita FX (climbingfx.jugem.jp )

nikitafx

This is an updated version of USD/JPY's H&S pattern. Today's low 117.578 made H&S neckline breakdown so far. USD/JPY's situation is still being under downward pressure. Because its recovery could not go beyond the triangle bottom line. However these targets: 116.52/76 and 115.91 will be your best buying level. Happy ThanksGiving Day to you !! Nikita FX...

nikitafx

USD/JPY's triangle was breakdown in. If the H&S neckline will be broken at 117.60, its target will be at 116.52. Then our triangle pattern will be deleted and declining wave 3 should be recognized. This H&S pattern needs that 117.67 should be broken first. Nikita FX (climbingfx.jugem.jp )

nikitafx

Nikkei 225 looks like completing its 5-sub-4-abcde consolidation. Wave 5 target will be at 17780. Nikita FX (climbingfx.jugem.jp )

nikitafx

USD/JPY is now making a possible triangle Formation to the next move. In case of simple 4-ABCDE consolidation pattern, next move is upward and its target will be at 119.54. On the other hand, in case of 4-B-abcde consolidation pattern, next move is downward and its target will be at 116.76 which is my favorable one. However it could be wave 3 declining if it is...

nikitafx

AUD/JPY had an ugly Chart pattern with 2 important Breakdowns. My target will be at 97.43 It looks like finishing wave 5 already. Even if it could be in case of wave 4, its target will be Fib.38.2% down to 98.60 Nikita FX (climbingfx.jugem.jp )

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GBP/JPY is also at risky moment due to USD/JPY's possible ABC correction. Wave 5 looks like a wave 5 top Failure and Big wedge breakdown will be coming soon. Nikita FX (climbingfx.jugem.jp )

nikitafx

EUR/JPY is now forming a risky H&S Chart pattern due to USD/JPY's possible ABC correction. Nikita FX (climbingfx.jugem.jp )

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If USD/JPY would like to be climbing up to 119.40 area, this zone should be holding. Otherwise we should have one more C wave correction down to 116.75/80 area. Nikita FX (climbingfx.jugem.jp )

nikitafx

This is a wave analysis of Yen Index. We are now at Final wave 5 which will be more 11.01% declining to the Fib.61.8% ideal target: 0.7805. Comparing with USD/JPY's target, these two should be correlated. Therefore USD/JPY is also having the same 11.01% climbing space to its ideal top. Which means: 118.98 + (118.98-75.32) x 11.01%=123.79 Nikita FX (climbingfx.jugem.jp )

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Major-5 waves correction since 1.1079 has completed with 2540 pips at 0.8539. This 2540 pips correction was just Fib. 150.0% projection of its initial wave 1: 1693 pips !! Its an amazing Fibonacci working ! And also wave 5 bottom was just above the Pink Line. Which means a long term bullish trend is still alive. Next Major-upward wave will be climbing over 1.1079...

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GBP/JPY's upward trend has not changed yet. Since 116.82 wave 5 is still going on. Green Channel maximum target will be at 200.01 on Feb.27 2015. In addition to that wave 5 (since 167.99) will be climbing up to: 167.99 + (180.69-118.77 ) x Fib.61.8%=206.26 in the future. Nikita FX (climbingfx.jugem.jp )

nikitafx

EUR/USD looks like starting its wave 4 reversal. Its wave 2 was an expanded Flat. Wave 4 will have 2 options: one is filling the Gap, and the other one is not reaching 1.3000. Then Final downward wave 5 will be coming much later. Nikita FX (climbingfx.jugem.jp )

nikitafx

I would say USD/JPY's wedge breakdown has started as you can see this Chart. TP 1:115.72 TP 2:113.71 Fib.161.8% projection of initial down leg wave 1:115.46 These numbers are candidates for target. Nikita FX (climbingfx.jugem.jp )

nikitafx

USD/JPY's supportive zone will be lasting until Nov. 24. Wedge termination will be very soon. Beyond Yellow area, it will be very bullish, however breakdown through the Blue wedge supportive line means a Big consolidation. USD/JPY should stay above Browny Pink zone if next climbing stage up to 120/130 will be first. Watch for a while....... Nikita FX...