USD/JPY is still forming the upward Pink Regression Channel. And wave counting is
Alt. 4 (or X ). As far as keeping above Pink Channel bottom line, USD/JPY is heading
for upward target: 110.70 ( in case of W=Y, 111.27 in case of Alt. 5=1.272 x Alt. 3).
In addition to that, If wave 5-3-5 might be a truncate wave 5-5, USD/JPY might have already started
its Major-A upward wave. In this case we should recognize the target: 105.84 of Big H&S was deteriorated
with (125.85--75.32) Fib. 38.2% strong support (at 106.55).
Nikita FX (climbingfx.jugem.jp/ )
Alt. 4 (or X ). As far as keeping above Pink Channel bottom line, USD/JPY is heading
for upward target: 110.70 ( in case of W=Y, 111.27 in case of Alt. 5=1.272 x Alt. 3).
In addition to that, If wave 5-3-5 might be a truncate wave 5-5, USD/JPY might have already started
its Major-A upward wave. In this case we should recognize the target: 105.84 of Big H&S was deteriorated
with (125.85--75.32) Fib. 38.2% strong support (at 106.55).
Nikita FX (climbingfx.jugem.jp/ )