Wave Analysis 16.03.2015 US Dollar vs Japanese Yen

FXTM Online Analysis Department.

USD JPY, “US Dollar vs Japanese Yen”

Most likely, Yen has finished wave 4 of (5) of [5] and in the nearest future may continue growing and form wave 5 of (5) of [5]. At the same time, if the price continues moving sideways, wave 4 of (5) of [5] may transform into horizontal triangle.

Probably, the pair has already completed waves [i] and [ii] of a larger wave 5 of (5) of [5]. In the nearest future, the pair is expected to continue growing.