nikitafx

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

FX:USDJPY   U.S. Dollar/Japanese Yen
1340 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 (http://climbingfx.jugem.jp/)
gsmalhi
2 years ago
That is a good thought. This pair could take resistance at 110.578 ( August 2008 resistance) and retrace. Good luck.
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