USD/JPY: wave analysis on 18.11.2014

November 18, 2014

The formation of the bullish momentum in the third wave of the senior level iii of 3 is nearing completion. It seems that locally, the fifth final wave, which is taking a shape of a diagonal triangle, is close to completion. If this assumption is correction, after the final leap up in price, the pair will start to decline to the level of 113.70 in the fourth wave.

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