USDJPY-Formation of Diagonal pattern at the end of wave IV
In the weekly chart the price movement is forming a Triangle pattern, we are currently in the C wave from point D.
( Weekly Chart )
The daily chart shows the structure of the waves, which indicates that the iv wave from point C has ended and the price is rising in the V wave, which can be extended up to the range of 112.
( Daily Chart )
In the one-hour chart, the Diagonal pattern can be detected clearly, which can be an indication for the termination of the downtrend in the iv wave.
The daily chart shows the structure of the waves, which indicates that the iv wave from point C has ended and the price is rising in the V wave, which can be extended up to the range of 112.
In the one-hour chart, the Diagonal pattern can be detected clearly, which can be an indication for the termination of the downtrend in the iv wave.