nikitafx

USD/JPY's realistic target: 114.44/45 on Jan. 22 (Nikita FX)

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
0
The chart pattern since 121.84--115.55--120.82--(115.84 on going) looks like having a
Fractal relationship with the mini-Blue oval zone (wave 3-sub-4: 118.97--117.34--118.57--117.23).

Therefore

118.97--(163 pips)--117.34--(123 pips)--118.57--(134 pips)--117.23

121.84--(629 pips)--115.55--(527 pips)--120.82--( S pips)--P point

According to these proportion, P point is calculated as 114.44/45 so far. And 114.44/45 level will
be coming exactly on Jan. 22 (upper Black line ).
P point (114.44/45) will be a good Reversal point, however there will be an unexpected risk of
plunging more downside (maximum at 112.33/56 on Feb. 02 or even 111.25 on Feb. 08 ) as far
as being within this Parabolic Arc.

Nikita FX (climbingfx.jugem.jp/ )
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.