USDJPY- Back Again- Irregular Flat Correction since 98.78 lows

14 Kas 2016

Coming back again, after a long time.

UJ could be having irregular correction, which has an impulsive wave in action since the 100.08 lows. It shall be reaching 161.8% at 108.60-1.08.65 of its internal wave-((i)) projected from wave-((ii)) to give us ((iii)) wave - Once if UJ holds in that zone - we shall look for a correction in the zone 105.50-105.75 zone which will retrace the current up move by 38.2%. Finally- Once it holds 105.50-105.75 - It shall give the final push to new highs above recent ((iii)) wave high.