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Currency Analyst since 2010

USD/JPY: weekly wave analysis

Daily. Dollar/yen continues gradually growing. This weekmay the pair may renew maximums. This assumptionbased on the shape ofthe lastupward wave. Consider its layout.

H12. The pair is probably constructing an impulse [5], the internal wave structure of which is shown at the picture. Wave (4) looks completed and has a form of a simple Zigzag. At the last section an increase in the impulse (5) of [5] has already started.

H4. The new week is expected to rise to the level of a pair of the previous high, so traders can earn good money at this price movement.

JPY
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