USD/JPY: weekly wave analysis

Roman Petuchov

Weekly. The market remains in a long-term bullish trend. It's final part is now being formed. Let's see the markup at D1.

H12. After a small converging triangle the pair entered a diagonal triangle in a phase of sluggish growth. 

H4. Let's now review the wave (V). All the waves are simple zigzags. On the new week correction IV will be built. After that the market will likely reverse in a new bullish zigzag V. 

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