FX:USDJPY U.S. Dollar/Japanese Yen
If the B retracement @ 119.90 is closed above before the C retracement is closed below @ 119.65 is the only way this scenario can happen. Also, I adhere to Carney's statement that the is the most important part of the , which is why I'm ignoring the . of the XA leg. It is most interesting to see a complete at the start of the XA leg. Most likely to do with the . of the AB leg. Also, I wouldn't be too generous with my stop loss since it is a long term high and the pair has made some pretty good moves lately.