Currency Analyst since 2010

USD/JPY: wave analysis

Daily. The pair continues building a global uptrend. At the last section it is forming the final rising pulse (V) with a long wave IV.

H12. The wave IV is a convergent horizontal triangle that looks completely finished. We see the beginning of the formation of a new uptrend V.

H4. Wave [1] of V is complete. At the last section the market began declining within correction [2]. This week, expect the formation of this wave as indicated at the picture.

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