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USD/JPY: Elliott waves (May 26)

By Roman Petuchov

Daily. The chart shows the layout of area from August 2012. At the moment the pair’s building upward impulse wave (V).

H12. We see the final structure of the rising momentum. Wave IV took form of an extended Double Three. In the near future we can expect growth within the impulse wave V.

H4. In the last section the pair formed Zigzag (A)-(B)-(C). In recent days, it has been completely finished, and we saw the beginning of growth. This week the growth will continue.

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