USD/JPY's 116.07 was starting point of Double Zig Zag wave WXY.
W-x-y completed 118.68 (Post-NFP downward reaction on Oct.02), and the next upward wave Y
will be coming. Its ideal target will be at 122.50 around (which is Flag bottom line).
There will be two scenarios: if wave Y will be able to go above the Flag bottom line, another Major-
WXY wave will be coming (Yellow line).
If not, USD/JPY is going to plunge more down to 117.00 area.
Nikita FX Chart (climbingfx.jugem.jp/ )
W-x-y completed 118.68 (Post-NFP downward reaction on Oct.02), and the next upward wave Y
will be coming. Its ideal target will be at 122.50 around (which is Flag bottom line).
There will be two scenarios: if wave Y will be able to go above the Flag bottom line, another Major-
WXY wave will be coming (Yellow line).
If not, USD/JPY is going to plunge more down to 117.00 area.
Nikita FX Chart (climbingfx.jugem.jp/ )