USD/JPY is now building its long term Bearish wedge Formation. Weekly point (Sep. 05) of Black line (101.43--105.44 connecting line): 106.02 Weekly point (Sep.05 ) of Wolfe line (76.25--84.16 connecting line ): 103.32 Weekly point (Sep. 05) of Purple wedge upper line (94.98--103.73 connecting line): 107.28/30
Wedge crossing point: 109.65 ( 2015.Jun. 22w) crossing point of Black & Wolfe line: 106.32 (2015.Jan.19w )