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Strategies & Market Trends : John Pitera's Market Laboratory
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From: Don Green7/28/2017 1:00:49 PM
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John Pitera
The Ox

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Could USD/JPY go into Freefall?

The Market Oracle

USD/JPY just took a nosedive through the Head & Shoulders neckline in the premarket this morning. This suggests something more serious may be taking place behind the scenes. It is in the window for the next Master Cycle low. This window could easily extend to next Tuesday, as I have indicated earlier. The USD/JPY target appears to be its Cycle Bottom support at 108.25, where it may bounce to retest the neckline. However, being a Wave 3 of (3), it may just go into freefall to meet the Head & shoulders target.

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