Currency Analyst since 2010

USD/JPY: weekly wave analysis

Daily. The pair continued development of the global uptrend 1. At present the trend is at an end, at the final upward momentum (V). Consider its structure in detail.

H12. As part of the impulse (V) the pair has built a corrective wave IV, which took the form of a long convergent horizontal triangle. After its completion, the pair began constructing the trend V. 

This week we expect the pair to decrease in a downward wave (C) of [2]. After its completion, the pair will continue growing. Moreover, this growth can be very long and powerful.

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