USD/JPY: weekly wave analysis
Weekly. Wave [V] of a long-term bullish trend is now being formed.
H12. The market has formed a converging horizontal triangle. The price is now forming a new bullish trend. On the new week we expect a bullish wave III to be built.
H4. Waves I-II and [i]-[ii] are constructed. We expect a bullish move. Break above the top of the I impulse would be a bullish trigger.