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Trader, analyst and instructor with a 6-year experience

USD/JPY: Elliott waves (Nov. 25)

Daily. Now we are seeing the construction of the final wave (V), which is the part of the global impulse 1. The market quitted the long correction and moved into the impulse phase. In the near future the advance is expected to continue.

Chart 1. Daily USD/JPY

H12. Now we are seeing the construction of the most powerful and rapid upward impulse wave – wave [3].

Chart H12. Daily USD/JPY

H4. Detailed layout of the wave [3] is shown at the picture. Now the wave (5) of [3] is forming. In the near future the rise will continue in accordance with the target line.

Chart 3. H4 USD/JPY

Roman Petuchov for FBS

JPY
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