USD/JPY: weekly wave analysis
Weekly. USD/JPY keeps moving within global uptrend. Let’s review the layout of the initial part of the wave (V) at the Н4 chart.
H4. We assume that the development of the wave (IV) was completed. Right after this we saw the first part of the uptrend – impulse 1. At the beginning of the new week the pair will finish building the wave 2, and after that we expect the market to rise in the impulse 3.