After finishing the horizontal triangle in the wave [iv], Yen has resumed its descending movement. While forming the wave [v], the market has broken the minimum of the wave [iii]. After completing the local correction, the price may resume moving downwards.
At the H1 chart, nothing has changed. Earlier, the wave (e) took the form of the horizontal triangle and was followed by the wave (i). After finishing the correction, the pair may resume its decline in the wave (iii) of [v].
USD/JPY, H4
USD/JPY, H1
RoboForex Analytical Department
