Nikita FX (http://climbingfx.jugem.jp/ )
why rejecting downward correction wave is still going on to 147.67--124.14 Line which
should be supportive. Remember the First BOJ easing was done just above the 147.67--124.14
Line which produced an extraordinary spike.
Now we are facing Big H&S target & wedge crossing point (Both are the same level:105.84).
147.67--124.14 Line will stand at 104.18 at the time of wedge cross(Jun. 01 2016), so we still
have 166 pips downward space: (If H&S neckline replace at 115,31(2014.Nov.13 low), target is
104.76 which does'nt matter )
Therefore Major-2 of USD/JPY will be bottomed at 105.84 reasonably (before Jun. 01 2016)
and it would be climbing again at least wedge breakout target: 115.85 again.