serve to lead

A 4th wave triangle (that took 12 years) is complete at 124.30 as a 4th wave and the US Dollar/Japanese Yen is headed lower in a 5th wave (and terminal thrust) that will end below 81.12. One possibility is that the US Dollar/Japanese Yen decline from 124.20 is unfolding as an ending diagonal. The subdivisions of the drop from 124.30 to 95.71 certainly count better as a complex 3 and the drop from 110.69 is a 3 right now. The decline from 110.69 would be equal to the previous drop at 85.30. Expectations are for the decline to extend below there prior to finding significant support. Staying below 110.65 keeps the larger trend down.