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Currency Analyst since 2010

USD/JPY: weekly wave analysis

Daily. In line with the forecast the pair continued developing a strong upward impulse V of (V) of [V]. Consider the layout of this wave more.

H12. Most likely, USD/JPY is constructing a horizontal correctional wave [4]. This week we’ll see a downward movement to the bottom of this wave. When the wave is completed, the price will continue growth in the pulse [5].

H4. The wave [4] is taking form of the sideways plane or a Double Three. If this assumption is true, this week we’ll see the development of the descending wave (C) or (Y) in the case of a Double Zigzag.

JPY
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