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.
( 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.
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