Trader, analyst and instructor with a 6-year experience

USD/JPY: weekly wave analysis

Roman Petuchov

Weekly. A global bullish trend continues. 

H12. After forming a horizontal triangle [IV] the market entered a strong bullish impulse [V]. There is a smaller horizontal triangle (IV) inside. It will likely be followed by a new bullish move. 

H4. The horizontal triangle is almost over. In this case on the new week we'll see a new bullish wave (V). Alternative scenario - continuation of the flat trend. 

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