USD/JPY wedge breakdown leads more downside (Nikita FX )
USD/JPY's wedge breakdown is still going on. Its initial target will be 121.78.
We have now 4 Resistance lines: 1 Wolfe Resistance, 2 wedge bottom, 3 descending resistance,
and 4 neckline.
If it will breach below mid-term support line ( almost equals to Long-term descending Resistance:
160.33--147.68--122.22), USD/JPY will plunge more downside into 115 low area.
Nikita FX (climbingfx.jugem.jp/ )
We have now 4 Resistance lines: 1 Wolfe Resistance, 2 wedge bottom, 3 descending resistance,
and 4 neckline.
If it will breach below mid-term support line ( almost equals to Long-term descending Resistance:
160.33--147.68--122.22), USD/JPY will plunge more downside into 115 low area.
Nikita FX (climbingfx.jugem.jp/ )