Trader, analyst and instructor with a 6-year experience

EUR/JPY: weekly wave analysis

Weekly. After the long-played rising impulse [a] we see a descending corrective wave [b] that takes a form of a double tripple. 

Daily. Waves (w) and (x) are complete. The market has now started building the wave (y).

H4. We see a descending impulse A being developped. After the end of the wave (v) of [v] of A the market will likely reverse to the upside. 

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