Analysis of wave counting:

Unable to gain a foothold under the level of the 106th figure, during the yesterday's trading, the currency pair USD / JPY started from the upward movement, having added almost 100 percentage points in price and returned to the level of 106.65 at the end of the day. At the same time, it seems that as a result of this growth in quotations, the currency pair can further complicate the internal structure of the wave e, 4, 5, 3, C, C, (B), the most giving it a more complex, but at the same time more convincing look. If this is so, then the currency pair may have good prospects for continuing the price increase to the level of 107.40-107.50, or even to the level of 108.00.

The objectives for the option with a downward wave:

105.00

104.48 - 127.2% of Fibonacci

The objectives for the option with an upward wave:

107.50 - 108.00

General conclusions and trading recommendations:

The tool continues to complicate the downward trend section. The lowering of quotations may resume with targets near 105 figures and a design mark of 104.48, which is equivalent to 127.2% of Fibonacci, within the framework of the construction of wave 5, 5, 3, C, C, (B), after the completion of the construction of the correctional wave 4, which took a very complicated form and could become even more complicated.