its_new_wave
Short

USDJPY: The rise has ended ?

FX:USDJPY   U.S. Dollar/Japanese Yen
From the 5th of December 2014 this pair did a long consolidation until the 30th on April of 2015. This consolidation was a triangle pattern in wave ((iv)). A Triangle always occur in a position prior to the final movement wave. In this case sequent rise from at 118.4 was a last impulse wave (v) of ((v)) of 5.

Action from 125.7 looks like a impulse wave (i) and extended flat correction (ii). Now USDJPY             has been falling in wave ( iii             ) with possible target at 118.5 = wave (i) x 2 and next target at 116.3 = wave (i) x 2.618


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