S&P500 is now under bullish Megaphone type of Larger wave 3-4-d
USD JPY breakout thru IH&S neckline, so target is 114.17
As far as keeping above 106.75 USD/JPY is still bullish.
Aa, Bb, and Cc....these 3 lines are now definitely supportive.
And one of Big triangle is closed in this week, too.
This is my Wave analysis regarding S&P500 Wave 3-5.
Wave 3-5 rally already started but it will be ending at 2021 Jan. End
USD JPY has been acknowledged with its breakthrough monthly Ichimoku Clouds Top.
Weekly IH&S neckline is still far above, however its target; 123.92 is not changed
EUR/JPY postponed IH&S forming little bit lower neckline,
and now the neckline was broken. Target is 126.50
I would say USD Index is still bullish with wave 3-5
medium target is Possible IH&S one which will be 778 pips breakout thru
GBPJPY it has break out thru IH&S neckline.
IH&S target will be 156.83
EURJPY is now forming a short term IH&S.
Its target will be at 126.57
GBPJPY is now forming wave 1 and its top is coming at weekly cloud distortion (Jan.28).
then 5 waves upward would be coming after that.
USDJPY has broken long term descending Channel Upper line again, and
IH&S target is not changed.
89 is mersenne number which used to be Fibonacci cycle.This chart shows how EURJPY works
NYMEX (Crude Oil) has started its Larger wave 3
VIX Index has already done with its 5 waves
GBPJPY long term situation is like this
in the event of breakout thru neckline at 113.02 (JUL.01 2019) , Inverted Head & shoulders
target would be 123.92
USDJPY has two Fixing Rate Gaps
Nikkei 225 is still coming wave 5