USD/JPY: weekly wave analysis
By Roman Petuchov
Daily. The pair continues building a global uptrend 1.
H12. USD/JPY is now forming the final upward momentum (v). Its layout is shown at the picture. Formation of convergent horizontal triangle IV is complete, and we see the beginning of a new uptrend V.
H4. The layout of the ascending impulse  shown at the picture. Because of a very powerful wave (3), the wave (5) doesn’t have the strength to renew the previous local maximum, so the impulse  was short. This week we expect a decline in correctional Zigzag . After the wave  the pair continue rising.