AbhishekHSinghCMT
Long

USDJPY- Alternate View-4th Wave Still unfolding (Triangle)

FX:USDJPY   U.S. Dollar/Japanese Yen
234 0 3
Previous update -Expected that 5th wave has started as our main count, but we also have an alternate view that 4th wave is still unfolding & it could take shape of a triangle.

Final Result should be an up move beyond 104.50 incase it happens to be a triangle with critical support@102. 81- If 102.81 is taken out -I shall revisit the price structure.

Key Support- 103.17

Critical Support- 102.81

USDJPY- 5th Wave started in the zone 102.70-102.75
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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