Looks like that the [a] wave seemed to finish its formation. On lower wave range the diagonal triangle is formed on . However, it’s required to wait for the price lowering resuming prove to which could be the bearish impulse that forms on (i).
It seems that the ascending move happens by (5) wave. Zigzag was formed on (4) earlier. Therefore right after as soon as the correction is over the further ascending pair move on [iii] is possible soon.
Looks as the (ii) completed its formation on Japanese Yen be end of last week. Ascending impulse on (i) was formed earlier. As a result the price growth resuming in frames of forthcoming (iii) wave could be expected in future.
The [iii] wave seemed to end its double zigzag shape taking due to which the (y) also completed its previous formation. Prove of the price lowering resuming will be the bearish impulse formation in direction of [iii]
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