Currency Analyst since 2010

USD/JPY: weekly wave analysis

By Roman Petuchov

Daily. The pair continued developing the global uptrend. At the moment it’s buildingof the final rising impulse (V).

H12. The horizontal triangle IV is completed. At the moment we see the beginning of growth of pair in the new upward wave V. This week the growth will continue.

H4. The pair is building an upward impulse wave [3]. Corrective wave 4 of [3] looks completely finished. As a result, this week we expect growth of the pair to continue in an uptrend V.

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