USD/JPY: Elliott waves (June 2)
By Roman Petuchov
Daily. We are seeing the construction of the long uptrend. At the last section its final part – the upward momentum (v) – is forming.
Chart. Daily USD/JPY
H12. The markup of the impulse mentioned above is shown at the picture. We saw the construction of a very extensive corrective wave IV. Most likely, the construction of the bullish impulse V has already begun.
Chart. H12 USD/JPY
H4. The pair has formed the first 2 waves, which are a harbinger of the upward movement. This week we expect growth within the bullish momentum .
Chart. H4 USD/JPY