nikitafx
Short

USD/JPY possible Final target: Purple Zone (Nikita FX)

FX:USDJPY   U.S. Dollar/Japanese Yen
744 0 4
I used to use this type of parallel structure in order to predict a possible Final
target. In case of the recent major-reversal of USD/JPY             , it should be helpfull.
Therefore TP 1 will be at 102.27 (Green channel bottom ) and
TP 2 will be at 100.12 (Purple channel bottom ).

Look at the recent bottom (105.19) which is almost as same as 487 pips Drop
of 103.72--98.85 (110.08--105.19: 489 pips Drop this time: 2 pips difference ! )

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