We have been looking for the completion of the wave 4 correction to from 1.3928 before wave 5 results in an assault on 1.4000 and beyond. Considering that the 23.6% of wave 3 (1.3551-1.3928) is at 1.3839, it is possible that the correction is complete at 1.3828. For this reason, a bullish bias is warranted against 1.3719 (top of wave 1) for a test of 1.4000. As wave 5 unfolds, we will be able to better gauge where it might end.