EUR/JPY: weekly wave analysis
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].