nikitafx

USD/JPY wave counting after NFP (Nikita FX )

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
0
Well, well, NFP was positive and USD/JPY reacted blowing up.
This Chart shows us we are now still on wave 3-sub-3-5-5's final stage.
Until true wave 4 will be coming, we have one more small leg up. Its target
will be at 121.72 (around wedge upper line).

Wave 4 will have not a big plunging in this case. TP 1 is down to Pink Channel
upper line (approx. 120.40 ). Max. plunging could reach the Pink Channel bottom
line (approx. 118.70).

We will still have Final wave 5.

Tonight, IH&S upper most neckline was broken, so Our long term target: 160 middle
has lit on.

P.S.: wave number should be amended like this:
3-sub-3-4-Y should be 3-sub-4-Y
And after that, 3-sub-3-(5-1 thru 5-4) should be 3-sub-5-1 thru 3-sub-5-4

Nikita FX (climbingfx.jugem.jp/ )
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