nikitafx

USD/JPY critical point:100.48 ( Nikita FX )

FX:USDJPY   U.S. Dollar/Japanese Yen
925 1 0
USD/JPY             is now under very critical situation.
It is now under two major long-term resistance declining lines and wave 4
Diagonal support line (black line ).
And also it failed keeping above the long-term Wolfe line.
The only thing is that it is now still above the mid-term Wolfe line (critical point: 100.48 ).
If it will breakdown through the mid-term Wolfe line, severe downtrend will be coming....
What do you think ?

Nikita FX ( http://climbingfx.jugem.jp/ )
ArchoX
2 years ago
For me it is looking there could be some pullback to 102.2 level but you are sure, pair is totally bearish.
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