$USD vs. $JPY - High-Prob. Wolfe Wave Eyes 1-4 Line Target

FX:USDJPY   U.S. Dollar / Japanese Yen

Yesterday, we looked at the Geo methodology, defining a high-probability target by the use of its "Off-Set Rule" - see set up and target-hit here: . Today, we are considering the conventional Wolfe Wave pattern, eyeing a possible target along its 1-4 Line, as shown in the following chart:

Of geometric note here, it is interesting to see how the former Geo's 1-3 Line and and current Wolfe Wave's 1-3 Line are converging at Point-5 to potentiate the probability of reversal at the level defined (arrow).


The Model remains bearish , while current geometry is supporting a bearish intermediate play. A break below 123.871 would support further downside and open up to bearish targets defined in the larger timeframe (see weekly chart released a few days ago, here: .


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


David Alcindor

08 JUN 2015 - UPDATE:

From Twitter/LinkedIn:
$USDJPY under bearish pressure; Grabs onto 5-prime Line (2-4 Line off of Pt-3); Bearish:

$USD $JPY #BOK #forex

David Alcindor
+2 Reply
Sokun 4xForecaster
Any new comments?
Sokun 4xForecaster
Will it hit 122 and bounce up to 124 again before decending to117
I think that is caused by the jump news on NFP and downward movement will be inevitable in the weekly
+1 Reply
That's a very good view
+1 Reply
Retirement and rest
+1 Reply
It was yet another triangle:
+1 Reply
05 JUN 2015 - UPDATE:

This WW was definitely not one that meant to complete its cycle.

... Moving on up to the larger timeframes, where the activity is occurring on this special fed data day.

Nice Analysis!
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