USD/JPY: Elliott waves (Mar. 31)
By Roman Petuchov
Daily. We are seeing the formation of the rising impulse (V) within which there’s a protracted corrective wave IV.
Chart. Daily USD/JPY
H12. Wave IV is taking form of a very complex wave pattern. Most likely, it’s a triple Zigzag, which is close to completion.
Chart. H12 USD/JPY
H4. Next week we expect the impulse C of (B) to complete, and the pair to start forming the downward impulse wave (C) of [y] of IV. Approximate trajectory is shown at the picture.
Chart. H4 USD/JPY