nikitafx
Short

USD/JPY initial target: 107.24 (Nikita FX)

FX:USDJPY   U.S. Dollar / Japanese Yen
308 0 1
I think this is more bearish type of descending because of 3-sub-4-ABCDE descending
correction Formation.
If 108.460 is capped as wave 4 top, USD/JPY             is going down to 107.24
108.460-(109.969-107.998) x Fib.61.8%=107.24

However target:107.24 is still bullish level with its long-term trend. So a big rebound wave
B is coming after that.

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