Analysis of wave counting:
At the beginning of yesterday's trading, the pair USD / JPY continued its slow development of the upward movement and stopped at the level of 113.20 at the opening of the European session. It can be assumed that the currency pair still remained within the limits of the wave c, in the future (C), forming the beginning of its internal wave. If so, the currency pair retains the potential for further growth of quotations to the level of the 115th or even the 117th figure.
Targets for the downward wave option:
111.43 - 23.6% of Fibonacci
110.64 - 38.2% of Fibonacci
Goals for the upward wave option:
113.53 - 38.2% of Fibonacci
115.00 - 117.00
General conclusions and trading recommendations:
The tool continues to complicate its wave structure, which can now require the introduction of additions and adjustments at any time. Now the wave (C) is being built with targets near the 113.53 mark, which corresponds to 38.2% of Fibonacci and higher. The correction wave b, in the future (C), took a rather truncated form.