USD/JPY monthly channel top 112.30/45 (Nikita FX)

FX:USDJPY   U.S. Dollar / Japanese Yen
1342 1 3
USD/JPY             will have a monthly channel top at 112.45 (Sep.) or 112.30 (Oct.).
In the event of approaching the channel top, it may be probably pulling back
to Yellow channel bottom line (or False breakdown) and its major-C wave will
be climbing up to the same level of the channel starting point (135 area) or more.
Be cautious during Green Zone.

Nikita FX (
That is a good thought. This pair could take resistance at 110.578 ( August 2008 resistance) and retrace. Good luck.
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