Trader, analyst and instructor with a 6-year experience

USD/JPY: wave analysis

By Roman Petuchov

Daily. The bullish trend V is over. It is still not very clear, what does the current bearish correction mean, but we forecast a bearish zigzag to be formed. 


H12. Detailed wave markup can be seen from the chart. Wave V took a form of a prolonged impulse in a wave (5) of [3].


H4. Next week we expect the corrective rising wave [b] to continue. Afterwards the decline will continue in a new wave [c].

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