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USD/JPY: Elliot wave analysis

Daily. Presumably completed the construction of wave [b], which took the form of a convergent horizontal triangle. In the near future we expect a decrease in the wave [C].

Chart. Daily USD/JPY

H4. Detailing layout is shown in the figure. Consider the last section in more detail.

Chart. H4 USD/JPY

H1. Wave [I] almost formed. In the near future the construction of the correctional wave [II], as shown in the figure. When the corrective wave is formed, decline will continue.

Chart. H1 USD/JPY

Roman Petuchov for FX BAZOOKA

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