USDJPY

**Samirofi** · 12-19-2014, 01:08 PM

Update: 19 Dec 2014

The most common Fibonacci retracement for a wave 4 (magenta) is the 38.2 level.

A bullish 5 wave (blue) as part of an ABC correction (purple) seems the most likely, but the wave count is vulnerable to change when price passes through wave X (red) retracement levels.

**Samirofi** · 01-13-2015, 01:27 PM

update: 13 Jan 2015

The USDJPY indeed keeps correcting lower as expected with the current wave count. The most likely targets are the 61.8 and 100% Fibonacci targets.

The USDJPY wave 5 (green) could become extended.

**Samirofi** · 02-20-2015, 10:40 AM

Update: 20 Feb 2015

4 hour USDJPY: the USDJPY is most likely within the final wave of the triangle (the wave E red). It could build on complex types of corrections within the wave E before breaking out.

**Samirofi** · 02-25-2015, 04:41 PM

USDJPY turned down very nicely yesterday from 119.80, just a few hours later after we presented a corrective rally for wave b) and projected a turn down into wave c). Notice that price came down sharply and also took out trendline support from 118.28 so we suspect that wave c) is now in play for lower levels; 117.70 followed by 117.10 where the market can be looking for a base later this week.

**Samirofi** · 03-10-2015, 05:48 PM

Update: 10 March 2015

4 hour USDJPY: the next major resistance level is at 124 which is a monthly top (red).

Special Tnx to Chris Svorcik

**Samirofi** · 03-31-2015, 10:31 AM

Update: 31 Mar 2015

The USD/JPY bullish breakout could run intro struggle when it reaches the resistance trend lines (orange) and Fibonacci targets of wave X (green).

**Samirofi** · 05-11-2015, 12:48 PM

USDJPY 11 May 2015

The USD/JPY is most likely in a wave Y (green) of wave D (magenta). The invalidation level of the ABCDE contracting triangle chart pattern is at the top of wave B (magenta).

The USD/JPY completed the wave X (purple) and is probably going to higher levels to complete wave Y (purple).