USD/JPY has been keeping its funny NFP reaction regularity in 2014 (except only Feb.).
Each NFP accelerated declining consolidation. These 9 months NFP's had 243 pips declining
in average. So Nov. 07 NFP's correction will be down to 113.15 at least, however this time was
after major-Pink ascending line which has 1040 pips (biggest in 2014) and 460 or 471 pips huge
drops occured after the last two major-Pink ascending line. (declining retracement percentage
was over 51% each )
Therefore I would say that USD/JPY should decline up to 110.28/38 (50--51% retracement) under
its structural regularity.
Nikita FX (climbingfx.jugem.jp/ )
Each NFP accelerated declining consolidation. These 9 months NFP's had 243 pips declining
in average. So Nov. 07 NFP's correction will be down to 113.15 at least, however this time was
after major-Pink ascending line which has 1040 pips (biggest in 2014) and 460 or 471 pips huge
drops occured after the last two major-Pink ascending line. (declining retracement percentage
was over 51% each )
Therefore I would say that USD/JPY should decline up to 110.28/38 (50--51% retracement) under
its structural regularity.
Nikita FX (climbingfx.jugem.jp/ )