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Wave analysis and forecast for USDJPY: The pair is still likely to grow.
Estimated pivot point is at the level of 110.90.
Analysis: Supposedly, a descending correction in a form of the wave ii within the wave C of senior level has finished forming. Apparently, the third wave iii of C has started developing locally, with the wave (i) continuing to develop within. If this assumption is correct, the pair will go on growing to a level of 114.36.
Estimated pivot point is at the level of 110.90.
Analysis: Supposedly, a descending correction in a form of the wave ii within the wave C of senior level has finished forming. Apparently, the third wave iii of C has started developing locally, with the wave (i) continuing to develop within. If this assumption is correct, the pair will go on growing to a level of 114.36.
