USD/JPY: wave analysis (May 12)

Roman Petuchov for FBS

Daily. Global rising wave 1 is being formed. Let's see the final  part (V) in details.

H12. Wave IV was a flat one - in the near term we'll see a bullish move.

H4. On the chart you may see the end of the wave IV and the beginning of the bullish move. Waves [1] and [2] have been formed. Wave [2] was flat, next week the pair will grow.

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