Analysis of wave counting:
Repeated attempts to gain a foothold under the level of the 110th figure in the afternoon, and the close of the US session, the USD / JPY pair returned to the area of 110.25.
Objectives for a downward wave option:
109.79 - 61.8% by Fibonacci
108.30
Objectives for an upward wave option:
111.00 - 112.00
General conclusions and trade recommendations:
The instrument completed the construction of the wave E, in C, in (B). Within the framework of the construction of wave 3, in C, in E, in (B), the decline in quotes continues with targets near the level of 109.79, which is equivalent to 61.8% Fibonacci, and lower, around 108 figures. An unsuccessful attempt to breach the level of 112.09 led to the completion of the construction of the correctional wave 2. The downward corridor preserves the prospects for forming a downtrend section of the trend.
