Currency Analyst since 2010

USD/JPY: weekly wave analysis

Daily. The market keeps risingin the global uptrend.

H12. The picture shows the layout of the sweeping impulse (V). One of the longest parts of this impulse is a corrective wave IV, which took the form of a horizontal triangle. 

H4. We see the beginning of construction of a new uptrend. This week we expect the trend of strong waves [3] to continue. The market will be growing forming shallow descending or horizontal corrections on its way.

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