aibek

USDJPY. Potential area of landing in wave (4)

FX:USDJPY   U.S. Dollar/Japanese Yen
Hello friends!
It's very clear zigzag in wave (4).
As you can see the wave C of (4) already broke below 100% of wave A. (I put it as possible target in my previous yen post)
I know that many of you are ready for continuation of the trend in wave 5 upside.
I think we can have another drop down before that, and it can be painful.

The area of potential landing is highlighted in red rectangle.
Let's count them level by level:
1) 107.88 = 1.618 of wave A in wave C
2) 106.81 = 38.2% retracement of wave (3) (I lost pretty much disobeying this rule entering ahead of time)
3) 105.43 = upper side of wave 4 of (3) (lesser degree)
4) 104.13 = 2 of wave A in wave C
5) 100.76 = downside of wave 4 of (3) (lesser degree)

Let us see how it goes!
Best wishes!
Aibek
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