Currency Analyst since 2010

USD/JPY: wave analysis (June 9)

Weekly. Global rising impulse [v] is now being built. The market is now forming a final part of it - wave (v). See the details on the chart.

H12. This wave is a simple rising impulse, wave IV of it took a form of a prolonged correction. Now it seems to be finished. Next week we expect the pair to grow.

H4. Next week we expect the pair to grow in a wave (3). Alternative scenario: correction (2) could continue .

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