Trader, analyst and instructor with a 6-year experience

EUR/JPY: weekly wave analysis

Roman Petuchov

Weekly. The market is developping a bearish corrective wave [b] that is a pullback from the longplaying bullish move [a]. Let's see the markup of the [b] zigzag in details.

Daily. A strong bearish impulse (a) will be followed by a bullish move (b).

H4. The market is currently developping a horizontal correction [iv] that will likely be as big as the wave [ii]. On the new week we expect the pair to stay in a flat range. After the end of the wave [iv] the market will extend the decline in a wave [v].

Scroll to top