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USDJPY

USDJPY On Double Zig-Zag Pattern

The USDJPY structure shows a corrective move, consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ. The 'three' wave pattern takes the form of a double zigzag. We saw the completion of the intervening wave Ⓧ, which is also a double zigzag. Then, bulls…

USDJPY in Double ZigZag Pattern?

The current USDJPY structure suggests that we are near the end of the double zigzag. The intervening wave Ⓧ consists of intermediate sub-waves (W)-(X)-(Y). Waves (W) and (Y) are complete, whereas wave (Y) is forming at the time of…