EUR/JPY: weekly wave analysis
By Roman Petuchov
Weekly. The market is developping a global bullish zigzag. Impulse [a] has already been built. The market is currently forming a bearish correction for this impulse - wave [b] takes a form of a double tripple.
Daily. Waves (w) and (x) have already been finished. The pair is now forming wave (y) - it might also become a zigzag. Let's review the last part in details.
H4. According to our last week's forecast, the price finished the bearish corrective wave [b]. The market is currently growing in the bullish impulse [c]. More growth on the coming week is expected to come.