its_new_wave

USDJPY: Ready to 119?

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FX:USDJPY   Доллар США / Японская иена
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In my previous Idea I wrote about rise this pair and possible target. The target did not do and now wave count looking like a sequence of one-two-one-two. If so, this pair will fall down in three of three wave with acceleration, break bottom line of parallel channel and must achieve at 119 = wave (i) x 1.618. This movement have a good correlation with EURUSD , which should rise next days.

Also, this pair have the ALT count.
Probably the movement from at 118.48 the 30th of April probably was as impulse wave. It mean, that the 05 of June the pair did just wave (iii) and now are doing wave (iv) This scenario may be cancel when level 120.496 will break.

I think the next couple of days will show what exactly are happening here.