USD/JPY: wave analysis (Mar. 17)
Roman Petuchov for FX BAZOOKA
Daily. USD/JPY keeps on forming the impulse wave (V).
H12. Construction of the corrective wave IV is not over. After that we'll see a new wave of impulse growth V.
H4. Wave IV has a form of a comlex wave model. It is recommended to say out of the market until the bullish impulse V starts. In the near term we expect a decline in a descending corrective wave [y]. Keep an eye on the market - unexpected bullish moves may occur.