Trader, analyst and instructor with a 6-year experience

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. 

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