USDJPY Wave Movement

10 Feb 2019

Price has clearly created a leading diagonal and has retested and rejected a major daily level (in green) creating the 1st wave, I predict price will briefly move toward the 61.8 Fibo level which sits above a major weekly level around the 108.000 price area (in orange) a 170 pip move, I believe chart will retest and reject this major weekly zone before creating an impulse upward toward the 3rd wave which I predict to be at the 161.8 Fibo level which sits under another major weekly level around price level 113.650 (in orange), a 565 pip move. Chance to make around 735 pips from these two moves. Happy trading.
Feel free to drop comments and suggestions.