nikitafx

USD/JPY recovery above Wolfe Line is a Key (Nikita FX)

FX:USDJPY   U.S. Dollar / Japanese Yen
407 0 1
USD/JPY's present situation is now critically under the Wolfe Line, which means
bearish trend is growing. However there is forming a new trend support line during
the past correction since 100.81.
Since 105.44, a Flat base triangle pattern will be almost completed.
Therefore we need to keep an eye on alternate wave scenario ( recovery above Wolfe line
makes USD/JPY             being bullish again....)
Cf: Wolfe line: 76.25--84.17--extended trend line

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