USD/JPY: weekly wave analysis

Daily. The pair keeps forming the sideways flat IV. When it’s completed, we will see a new increase in the new bullish impulse V.

H4. Flat 4 is taking form of a horizontal double three. This week we’ll see the pair’s decline within the wave [y] to the bottom part of the sideways trend. Then the new upward wave V will start developing from approximately 122.1.

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