USD / JPY: weekly wave analysis

 Roman Petukhov

Daily. The formation of the end of a powerful and long-lasting uptrend continues. On the last section the development of the bullish pulse V takes place. Lets consider its marking in details.

H12. The impulse V is the classical motion of five waves. As for now the last part of the most recent uptrend is formed . One can consider the graph on H4.

H4. The detailed layout plot shows that the construction of the bullish trend has been completed. In the near future we can see the gradual correction or rapid pulse decrease. In this situation it is not recommended  to hold long positions hoping that the trend will be continuated.

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