JPY Intraday

And here it is, the first analysis in this new Market Direction.
I wish to thank my dear friend Joseph you know him better as Trader01, for accepting my invitation to contribute to this Blog, and I hope many of you will join us too.
Now let's make this short and get to business, market started to move.
I'll start with USDJPY
Later I will return to the longer term chart to see the possibilities there, but for now just a brief Intraday to short term.
I expect continuation down to 111<>110.7 and below.
I see the latest downward development as a possible IM move with 1-2 finished i of 3 finished with ii of 3 possibly finished or in progress and to finish around 118.18/42 but should not finish above 118.93. Above that we will have a probable retest of the 121.38 high and above.
Break below 117.32/23 would be a first signal of a possible continuation down, but only a break below wave i of 3 low @ 116.87 will confirm. Targets down on confirmation 115.44/115/111.58/110.61
If on the other hand we have a Unfinished ZZ up from 113.41 12 Jan 2006 low, then we have an A-B finished with C just started from the recent 116.87 low. Min target for this C could be 61.8% extension of wave A @ 120.56 and next is the 121.38 High.
ID

CAD, AUD and GBP to follow shortly, since the market is moving I will post as I write. Later USDX and EUR, possibly EURJPY since I've noticed a nice settup there, GBPJPY and NZDUSD