FX:USDJPY   U.S. Dollar/Japanese Yen
4 months ago
Sell if the price breaks through the calculated support level (see related link). This will confirm a 5-wave             move down and therefore a bigger Zigzag (5-3-5) which supports the daily chart .
If not, we will have 3-wave             upward move to the near of the top, so buy! The candlesticks could stay in the "Three Stars in the South" formation. (Check the charts below for the big picture)

4H (Wish, but...):

4H (seems to confirm the daily chart , look below):

The 5th wave in form of a wedge which could resolve in an upward move to start a correction?

4 months ago
Trade closed: target reached: Good one! Look at the lagging stochastic and rsi. They rested for a long time in the overbought zone! Don't act with these indicators, if you don't have any other confirmation.
If there is an extended 3rd wave in the 5 wave upward, then the main 5 wave is not complete yet. It should go to the price level near the start of wave A down.

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