FX.co ★ remington.kihn | USD/JPY

Hello traders, Today, since the beginning of trading on the USD/JPY currency pair on H4, a bullish candle with a price range of 155.77 – 156.50 was formed. Considering the continued positioning of the pair's quotes above the MA100 and MA200 moving averages, the upward trend in the pair's development as part of forming the third zigzag "z" within the 5th wave of a potential expanded ending diagonal remains intact. Updating the nearest upper fractal at the level of 156.55 will contribute to further growth in the pair's quotes. From this perspective, the ongoing local strengthening of the US dollar index will provide important support for this trend. As we can see, the final 5th wave of the ending diagonal turns out to be the most complex in its internal structure and the longest among its previous waves. There's nothing we can do about it. The key point is that the relevance of the development of the internal structure of the considered ending diagonal is still maintained.