Trader, analyst and instructor with a 6-year experience

EUR/JPY: weekly wave analysis

Roman Petuchov

Weekly. After completing the long-term bullish impulse [a] we've seen the bearish correction [b]. Let's see the markup [b] in the details.

Daily. The bearish correction will likely take form of a simple zigzag (a)-(b)-(c). Impulse wave (a) is now being built. Where will the market reverse?

H4. Corrective wave [iv] (double tripple) is now being built. In the coming days the correction will be completed. After that we'll see a decline in the new bearish impulse [v].

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