5th wave in USDJPY
is subdividing & 2nd wave in 5th wave could take support at current lows which is 50% (103.65-103.70)of the rally from 103.16 to 104.20 or it could be 61.8% of the rally from 103.16 to 104.20 which comes in the zone 103.50-103.55 which should act as support & UJ will head upside in 3rd wave within 5th wave having equality target of 104.70 or 161.8% target as 105.20-105.30 then it will pullback but should not go below 104.20 which is wave -1 high -finally to see last rally upside-then done- UJ -to look down after completing all waves within this 5th wave.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ