USDJPY, last dive before the last rally

Hi Traders,

The USDJPY (now at 102.76 ) might soon take the last dive to the area 101.76-101.51 before starting the very last major rally to 106.59 or higher.

TARGETS 

first: down to 101.76-101.51

then up to

likely: 105.50
possibly: 106.59
maybe: area 107.55 -108.52

ELLIOTT WAVES

The weekly chart displays the uptrend that started at the end of OCT 2011. 4 major waves up are clearly identifiable (in blue) but major wave 5 is not completed yet. 

The daily chart shows 4 intermediate waves although minor wave 4 won't be completed unless it reaches the area 101.76-101.51 (4-hour chart).

monthly chart - click to enlarge

weekly chart - click to enlarge

daily chart - click to enlarge

wave oscillator over the daily chart - click to enlarge

4-hour chart - click to enlarge

wave oscillator over the 4-hour chart - click to enlarge

1-hour chart - click to enlarge 

wave oscillator over the 1-hour chart - click to enlarge