Trader, analyst and instructor with a 6-year experience

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 [4] before resuming growth in a wave [5].

H4. The market will likely be trading in a wave [4] for all the week. Growth will be resumed afterwards .

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