Trader, analyst and instructor with a 6-year experience

USD/JPY: weekly wave analysis

Daily. In line with the forecast the pair continues rising in an uptrend V.

H12. At present the pair’s forminga very sharp upward impulse[3]. When it’s complete, the market will begin correcting in the wave [4], which will likely be horizontal. 

H4. This week highs can be renewed by the wave 5. Then the pair will go directly into the long sideways flat.

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