25 august, 10:20 The wave analysis of the Forex market. USD/JPY
The yen while moves, forming assumed five-waves, in 3rd wave of an ascending trend. The fat red line at the drawing top, sizely, almost ideally coincides with 1.618 from a wave maximum 1 "dark blue" five-wave structure and 1.618 - from the size main (lilac) w1 - measured on its size from the termination w2. All these assumptions not bad lay down in trend lines. It is impossible to disregard and that fact that after the termination of a wave IV (drawing with the hour chart see) the wave 1 in V was not bad designated. By the way the dimension 4.236 measured from its top, too well lays down in the prospective local purpose being somewhere around 111,30 - 111,50. We will wait for succession of events.
On the hour chart it is visible that the price has started to form correction, after a sharp course upwards. While to remain out of the market more preferably.
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