Wave analysis

For the last days the wave structure of Yen has not changed, but on the hour chart the wave 4 was more accurately designated. The local purpose which is in area 111,30 - 111,50 remains, which working off near future. We will wait for succession of events.     

R3 111.45
R2 110.90
R1 110.15
P 109.55
S1 108.80
S2 108.25
S3 107.50

Is tempting to open a long position, in a direction of the expected purpose with stop hardly more low 109,00. But the yen frequently behaves contrary to expectations. Before working off is more whole above more preferably to remain out of the market.