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Long

USD/JPY alternate scenario: IH&S and wave E triangle

FX:USDJPY   U.S. Dollar/Japanese Yen
405 0 1
This is an alternate scenario of USD/JPY             . There you can count wave E progressing since 105. 44             .
Wave E is forming a bullish triangle and will breakout very soon, then reach through IH&S neckline
later. In the event of breakout its neckline, its target will be at 105.20.
As far as staying above 101.26/55 (Fib.61.8/76.4% of wave D) this scenario will be effective.

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