Analysis of wave counting:
In general, it is expected that at the end of yesterday's trading, the pair USD / JPY resumed the upward movement, adding more than 130 pp in price and broke the level of 112.50 before the end of the American session. The resulting wave situation suggests that the currency pair may have prospects for the completion of the entire wave c, C, E, (B) and the transition to the stage of formation of the first generating waves in the future wave (C). At the same time, the likelihood of the resumption of the decline in quotations and the return of the price to the minimum area of September 8 (107.30) has not lost its relevance.
Targets for the downward wave option:
107.00 - 106.00
Targets for the upward wave option:
113.00 - 114.00
General conclusions and trading recommendations:
The instrument complicates its wave structure, which can now require the introduction of additions and adjustments to any moment. The assumed wave 2 or (B), C, E, (B) may have completed its construction. Then the construction of the first waves as part of the future (C) with the goals between 113 and 114 began.
