USD/JPY is now under very critical situation.
It is now under two major long-term resistance declining lines and wave 4
Diagonal support line (black line ).
And also it failed keeping above the long-term Wolfe line.
The only thing is that it is now still above the mid-term Wolfe line (critical point: 100.48 ).
If it will breakdown through the mid-term Wolfe line, severe downtrend will be coming....
What do you think ?
Nikita FX ( climbingfx.jugem.jp/ )
It is now under two major long-term resistance declining lines and wave 4
Diagonal support line (black line ).
And also it failed keeping above the long-term Wolfe line.
The only thing is that it is now still above the mid-term Wolfe line (critical point: 100.48 ).
If it will breakdown through the mid-term Wolfe line, severe downtrend will be coming....
What do you think ?
Nikita FX ( climbingfx.jugem.jp/ )