Trader, analyst and instructor with a 6-year experience

USD/JPY: weekly wave analysis

Roman Petuchov

Weekly. The market keeps on forming a strong bullish trend on the weekly chart. The final bullish impulse [V] is now being formed.

H12. Wave (IV) took became a horizontal triangle. Impulse (V) is now being built. This week the pair could easily renew the previous high. 

H4. The pair will likely extend growth after a short-term bearish correction. We recommend you buying the pair on dips. 

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