USD/JPY Daily Wave View

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USD/JPY Daily [last 102.94]

3 November 2016/1:47 p.m. ET

 Current Position

Correcting lower in Wave C of B

Price Target: 97.55

Support: 100.07/99.53

Resistance: 105.53/107.47


The sharp reversal from the high at Wave B, 105.53, last Friday adds confirmation Wave B as labeled was corrective, and new trend move lower in Wave C is likely underway.  Based on equality, the target for Wave C is 97.55.