nikitafx

USD/JPY IH&S after wedge C wave (Nikita FX)

FX:USDJPY   U.S. Dollar/Japanese Yen
62 0 0
This is second series chart of wedge C wave of USD/JPY             . After making wedge C
wave, IH&S neckline was broken at 109.34.
Which means if USD/JPY             will recover above the neckline (Blue line), IH&S target
will be at exactly 110.50
However it might be able to plunge into far below the Yellow channel zone if it will
be breakdown with its wedge support line.

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