nikitafx
Long

USD/JPY Major-wedge breakdown scenario (Nikita FX )

FX:USDJPY   U.S. Dollar/Japanese Yen
1022 0 1
USD/JPY             is now on progress with the final decline of C wave in the Major-wedge Formation.
The target will be 100.50/60 (99.95 could be ? ). Then uptrend D wave into 107.00 area.
The vertical width of Major-wedge is 1019 pips, therefore its breakdown through wedge bottom
line around 2015 February (target: 96.81 ).

I think USD/JPY's next uptrend target (such as 120--135 ) will be done after all of this.

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