$USD vs. $JPY 4H Chart. One last drop, Eyes 105.540 | #usd #fx

17 Tem 2017

Traders,

USDJPY is in a correction since 15/12/16 and has developed into a ZigZag W(circle) and a possible flat pattern X(circle) so far.
1- Wave-W (circle) developed into a ZigZag pattern, internal 5-3-5 structure a. , b. , c. ending at 108.130.
2 - Wave-X (circle) developed into a flat pattern, internal 3-3-5 structure (A),(B),(C) , ending at 114.488.
3 - Wave Y(circle) possible last ZigZag pattern, completing the corrective structure with a Double Zig-Zag.

-Price has touched previous top level (A) 114.368 and pushed back, indicating a flat pattern.
Overall, bearish bias to 107.145, 105.540, or 104.080.

Trade with Discipline.
Best

14 Eyl 2017

Not

Pirce should be ready to drop.
Still expecting one more leg down close to our target.