Wave (( b )) is thought to be complete, expect lower prices toward 1.3800 – 1.3850 to complete wave (( 4 )) before pair turns higher again. Short-term expect price to stay below 1.4261 for the (( c )) wave impulse idea to remain valid.

Decline from 1268 peak has so far been corrective but only appears to be in 1 swing. Recent recovery was also corrective, so we still like a test of 1214 to complete wave (( b )) the next leg higher.

Index continues higher as expected and is getting close to 50 fib. However, further strength to test 14600 area can’t be ruled out to complete wave ( B ) before Index turns lower again. We don’t like buying into the proposed swing higher at this stage

Nikkei has completed a cycle from 15942 but recovery so far is also corrective which means we are in wave ( B ). Index is showing an incomplete structure from 12409 low, so while above 12691, expect a test of 14300 – 14600 area to complete wave ( B ) before Index turns lower again.