USD/JPY: weekly wave analysis
Authored by Roman Petuchov
Daily. Global bullish trend is developing. Let's review the impulse (V) on the smaller timeframes.
H12. Market is growing in a wave V after a horizontal triangle formation. In the near term we expect a horizontal correction  before resuming growth in a wave .
H4. The market will likely be trading in a wave  for all the week. Growth will be resumed afterwards .