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