FX.co ★ Wave analysis of the USD / JPY currency pair for September 22, 2017

Analysis of wave counting:

After a significant price increase yesterday, the USD / JPY pair consolidated and spent the whole day in the range within 112.70-112.10. After September 8, it is possible for the currency pair to maintain in the stage of first wave formation in the future wave (C). At the same time, the probability of a significant complication of the internal wave structure of the wave c, in C, in E, in (B) and the resumption of the decline in quotations to the level of the 107th figure still remains relevant.

Targets for a downward wave option:

107.00 - 106.00

Goals for the option with an upward wave:

113.00 - 114.00

General conclusions and trading recommendations:

The tool complicates its wave structure which now requires the introduction of additions and adjustments at any time. Presumably, the assumed wave C, in E, in (B), presumably, completed its construction. If this is the case, there will be a formation of first waves in the structure of the future (C) with goals between 113 and 114 continues.