USD/JPY: weekly wave analysis

Roman Petuchov

Weekly. The market is now building a final part of the long-period bullish trend. Corrective wave (IV) is a work in progress.

H4. We see a bearish impulse C as a part of the wave (IV). Correction [iii] is now close to an end. We're going to see a new short bullish or sideways wave [iv] soon. After that, however, the decline will continue. 

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