nikitafx
Long

USD/JPY Double Zig Zag wave WXY

FX:USDJPY   U.S. Dollar / Japanese Yen
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USD/JPY's 116.07 was starting point of Double Zig Zag wave WXY.
W-x-y completed 118.68 (Post-NFP downward reaction on Oct.02), and the next upward wave Y
will be coming. Its ideal target will be at 122.50 around (which is Flag bottom line).

There will be two scenarios: if wave Y will be able to go above the Flag bottom line, another Major-
WXY wave will be coming (Yellow line).
If not, USD/JPY is going to plunge more down to 117.00 area.

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