Currency Analyst since 2010

USD/JPY: wave analysis (Nov. 10-16)

Daily. USD/JPY keeps developing the global uptrend. The market is growing after a period of horizontal movements.

H12. Here is the layout of the rising pulse V, which is close to an end. When the wave [5] of V is completed, the trend will reverse. So, let’s consider the layout of the wave [5].

H4. This week USD will develop a downward corrective wave (4). When this wave is completed, the pair will continue rising in the impulse (5) and the maximum will be updated. The approximate scheme of future movements is shown at the chart.

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