Analysis of wave counting:
Having found no reason to continue the upward movement, the pair USD / JPY conducted in the range with a maximum amplitude of price changes of about 50 pp. It can be assumed that the currency pair remained in the stage of formation of the first generating waves in the wave c, c, in the future (C). If this is so, then the probability of the currency pair's renewal of quotations to the level of the 115th or even the 117th figure is still valid.
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 constructed with targets near the 113.53 mark, which corresponds to 38.2% of Fibonacci and above about 115 and 117 figures. Correction wave b, in the future (C) took a rather truncated form.