nikitafx
Short

USD/JPY if breakdown was not Fake (Nikita FX )

FX:USDJPY   U.S. Dollar/Japanese Yen
353 1 2
After NFP today, USD/JPY             started its wave 4 correction. I think a Breakdown was not
a Fake pattern, so it will be declining more down to Fib.161.8% projection of initial drop
(115.52 thru 114.05) at 113.13/21. (possible weakness more down to the Pink zone is not ruled
out....)
If the Pink zone will be breached, a big plunge will be coming down to 110.55/60 in the future.

Nikita FX (http://climbingfx.jugem.jp/ )
As Pink Floyd used to play, "Careful with that axe, Eugene". :-) This pair is still in the strongest trend based on the relative strength of both currencies. Still worth looking for a buy, rather than a sell. Good luck!
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