I think this is more bearish type of descending because of 3-sub-4-ABCDE descending
correction Formation.
If 108.460 is capped as wave 4 top, USD/JPY is going down to 107.24
108.460-(109.969-107.998) x Fib.61.8%=107.24
However target:107.24 is still bullish level with its long-term trend. So a big rebound wave
B is coming after that.
Nikita FX (climbingfx.jugem.jp/)
correction Formation.
If 108.460 is capped as wave 4 top, USD/JPY is going down to 107.24
108.460-(109.969-107.998) x Fib.61.8%=107.24
However target:107.24 is still bullish level with its long-term trend. So a big rebound wave
B is coming after that.
Nikita FX (climbingfx.jugem.jp/)