USD/JPY is setting for the long term descending resistance line monthly at 104.90 It won't be able to breakout through the resistance line because it is the only 2nd or 3rd time trial. Therefore USD/JPY is very risky at 104.90--105.00 area due to the downward pressure. Nikita FX (climbingfx.jugem.jp)
AUD/JPY is now finishing Diagonal triangle B-abcde wave within its bearish wedge. Wave C since 105.42 is now beginning, I think. However there is an alternate counting. If 105.42 was the top of wave 5-3 , 5-4-abcde might finish in the end of last week. So the last wave 5-5 is going to be uptrend. But I doubt the latter option, because the recent US equities...
USD/JPY is now having its internal wave Fractal within short term wedge. According to the First large Fractal wave proportion, the target of the Second small Fractal wave bottom will be at 103.07. Which means it will be a possible wedge breakdown. The Risk is downward again. Nikita FX (climbingfx.jugem.jp )
Nikkei 225 Index looks like being above the long term Wolfe Line again, However it may possibly be only Gap filling which is ending of wave B. I think wave C downtrend has started if the Green Line would not be broken. Its direction is still downward...... Nikita FX (climbingfx.jugem.jp )
USD/JPY is now consolidating downward due to a short term wedge breakout. It will plunge into the Pink line (wedge support line), however it might be able to recover up to its wedge upper line. Then USD/JPY will have an important breakout(down) zone later (104.15 around). After that it will trace into the Blue uptrend line (105.60) , or Black downtrend line...
GBP/JPY's Double Top: 174.83 & 175.35 shows a future possible Double Top of USD/JPY Because its trend line since 125.66 (2012.Nov.13) through 147.58 (2013.Aug.07) has already been broken after the Double Top Formation (175.35). And its Flat resistance line (red line) was also broken. Nikita FX (climbingfx.jugem.jp )
USD/JPY is now recovering above the Wolfe Line ( 76.25---84.17 connecting line ) and Is keeping above a supportive line since 100.60. Which means its target will be the same vertical width (460 pips) above the crossing point between the supportive line & triangle descending line (101.00 around). Therefore the target will be at 105.60. Nikita FX (climbingfx.jugem.jp )
USD/JPY is still below the Wolfe Line (76.25--84.17 connecting line). And it is trying being back to the Wolfe Line. If it was a real breakdown, USD/JPY will be plunging very soon due to one more mid-term resistance line since 105.44. Nikita FX (climbingfx.jugem.jp)
USD/JPY has just formed its Double Top neckline breakdown. Initial target will be at 99.84. Double Top: 103.01 & 102.79 Neckline: 101.313 Nikita FX (climbingfx.jugem.jp)
This combined chart of USD/JPY & EUR/USD shows correlation term ( E: Effective Term) and dis-correlation term interval. I think both currency pairs are still in a correlation term. Therefore if EUR/USD will crash down, USD/JPY will also crash down. In addition to that, USD/JPY is having its own Fractal chart pattern between: A--daily wave pattern since 105.44...
GBP/JPY has finished wave B-e as I pointed out its recovery Double Top after triangle breakdown. Now major C downtrend wave is progressing. However this scenario will be invalidated if 174.08 area will be broken. Nikita FX (climbingfx.jugem.jp )
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...
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...
EUR/JPY is now forming a RS (right shoulder) of its elongated mini-Double top H&S. E is its Double top (elongated ) and neckline will be 138.00 area. Its mid-term resistance line and short term black resistance line will cross soon, and will plunge into the area below 138.00. Nikita FX (climbingfx.jugem.jp )
GBP/JPY had already done its triangle breakdown, however it is now forming an expanded Flat Double Top recovery after that. If it won't exceed its highest point 174.84, it will be a recovery Double Top. And GBP/JPY will plunge into original triangle breakdown target which will be at 164.55 area. Nikita FX (climbingfx.jugem.jp)
USD/JPY is still going on with its B wave Diagonal correction. We are still missing wave B-sub-E which will be back to 102.26 area. There is also an alternate counting since 103.01.....which had already started wave C. However wave C will be a major downtrend and it is still under C-sub-2-ABCDE correction. I think C-sub-2-A had already finished at 102.79. And in...
GBP/USD is still under its Fib.50% retracement since 2.1160--1.3501 Crash. Wave counting is still in 4-sub-C-c which will reach over 1.7042, however Wolfe resistance line (approx. 1.7215 in this month) & Strong Resistance Zone (1.7046--1.7345) will be capped later. And also Fib.50% retracement (1.7331 ) will be a major reversal point. Nikita FX (climbingfx.jugem.jp )
VIX had passed 89 (Mersenne number) months since the lowest 8.60 (2006.Dec.) as of last month. If B term will be A term x Fib.61.8%, VIX will reach at 45.70 area in the end of this year due to its Fib.76.4% terminal Fractal and breakout from resistance line (blue line). This chart suggests equity market (such as S&P500) will be soon in a major correction. Nikita...