The Jpy/Usd bottomed at 84.96 on 11/27/2009 and founds it´s recent high at 93.67 on 7/8/2010.
A X-Sequentials X7 had been formed .
It´s price projection matches exactly the low at 84.96 Poinst (7X7)
Since the pair took out point 7X7 , the X-Sequentials X7 patterns inverse traget to tzhe updise are ti due .
The first taget 1/2 7XZ invers is at 95.14
The sencond taget 1/2 7XZ inverse is at 96.68.
The peak at 93.67 overthrew point 7X7 .
This indicates a X-Sequentials X2 patterns series (X-W-X2 X-Sequentials pattern series)
The implication is a choppy upmove.
The next downmove´s taget in the area of 89-87.81
The downmove will take place first.
Chart: Jpy/Usd, X-Sequentials 60 Minute Chart
yours sincerely ,
Devin Sage ,TXA Trading