USD/JPY finally was able to be extradited into Major-3 upward wave.
Comparing with a Fractal chart pattern of CNY/JPY, USD/JPY's 107.83 (Apr. 18)
was a wave 5-5 truncate (since 125.86) due to an exhaustion Gap.
Now we have started initial wave of Major-3-sub-1 which is heading for H&S
neckline (115.85) and would be rejected due to the strongest Resistance now.
Then wave Major-3-sub-2 will be coming down to 109---110 area again.
This Chart also shows its target of Wedge breakout: 120.72 (P=Q ) which will be
a mid-term target.
Nikita FX (climbingfx.jugem.jp/ )
Comparing with a Fractal chart pattern of CNY/JPY, USD/JPY's 107.83 (Apr. 18)
was a wave 5-5 truncate (since 125.86) due to an exhaustion Gap.
Now we have started initial wave of Major-3-sub-1 which is heading for H&S
neckline (115.85) and would be rejected due to the strongest Resistance now.
Then wave Major-3-sub-2 will be coming down to 109---110 area again.
This Chart also shows its target of Wedge breakout: 120.72 (P=Q ) which will be
a mid-term target.
Nikita FX (climbingfx.jugem.jp/ )