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Long

USD/JPY Fib.461.8% projection of Diamond Breakout (Nikita FX)

FX:USDJPY   U.S. Dollar/Japanese Yen
363 0 0
Do you still remember my previous Chart (USD/JPY's Diamond Breakout target) ? :
USD/JPY Diamond Breakout Fib.423.6% (Nikita FX )


Its projection was extended up to Fib.461.8% ! which is:

76.52 + 923 pips x Fib.461.8%=119.14 (which is exactly same as highest point of Dec             .01)

In this case Wolfe upper line was also broken which is going to be a good support now.
Therefore Blue-3 wave since 100.82 completed at 119.14 and wave 4 is now going on.

The Final long-term target won't be changed:
USD/JPY wave target Big picture (Nikita FX )


P.S: Blue 5 target will be Fib.500.0% (76.52 + 923 pips x Fib.500.0%=122.67)

Nikita FX (http://climbingfx.jugem.jp/ )