Currency Analyst since 2010

USD/JPY: weekly wave analysis

Weekly. The pair continues developing the global upward trend. After completion of the horizontal triangle IV, the market began growing in the new bullish wave V.

H12.Layout of thewave V is shown at the chart. When the pair completes thecorrection [4] of V, it will continuerising tothe previous high. Consider the structure ofthe wave [4] on the H4.

H4. Wave [4] looks like a fully completed flat, or nearly completed. At the beginning of the week we expect to see an increase, as indicated at the chart.

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