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Trader, analyst and instructor with a 6-year experience

USD/JPY: Elliott waves

Daily. The pair continues building global uptrend. We are now seeing the pair’s in the final impulse (V).



H12. The most significant part of the impulse is the horizontal triangle IV. Now we are seeing the formation of a wave [e] of the triangle. To determine the level from which the increase will start in the wave V, consider the chart on H4. 



H4. Wave [e] is taking form of a Triple Three. After completion of the second wave of the sheaf (x), we saw a decrease in prices in the Zigzag (z). This week we expect the pair to finish this Zigzag and turn.

JPY
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