This shows the present situation of USD/JPY.
Green parallel zone is based upon the bottom line (101.35--76.31) and Pink one
is an extended parallel zone (which upper line comes from 147.66).
This week:
Green zone top:107.01 (supportive)
Black line (135.15--124.13--):109.08 (almost same as Fib.78.6% ret. of 110.08--105.18: which is 109.03)
Pink zone top:111.92 ( this will be below 111.57 in the end of this year)
Therefore USD/JPY will be losing upward strengthening around Black line.
Even if calculating Fib.61.8% projection of wave 5-sub-3 (101.07--110.08) target will be at 110.75
which won't reach at Pink zone top by the end of this year.......
I would say that Major-2 declining wave will be coming even after 110.75....
Nikita FX (climbingfx.jugem.jp/)
Green parallel zone is based upon the bottom line (101.35--76.31) and Pink one
is an extended parallel zone (which upper line comes from 147.66).
This week:
Green zone top:107.01 (supportive)
Black line (135.15--124.13--):109.08 (almost same as Fib.78.6% ret. of 110.08--105.18: which is 109.03)
Pink zone top:111.92 ( this will be below 111.57 in the end of this year)
Therefore USD/JPY will be losing upward strengthening around Black line.
Even if calculating Fib.61.8% projection of wave 5-sub-3 (101.07--110.08) target will be at 110.75
which won't reach at Pink zone top by the end of this year.......
I would say that Major-2 declining wave will be coming even after 110.75....
Nikita FX (climbingfx.jugem.jp/)