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USD/JPY: weekly wave analysis

Roman Petuchov

Weekly. Strong bullish trend is now being built. 

H12. After the end of the converging horizontal triangle (IV) the market started moving in a final diagonal triangle (V). Correction IV is close to its end. In the near term the price will grow in a zig-zag V.

H4. The market will reverse up after a small impulse (5). Be careful: the pair is forming complex waves that could potentially surprise us. 

JPY
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