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Impulse decline of the pair is expected

27 April 2015, USD/JPY

Impulse decline of the pair is expected So, we have got ascending impulse scenario for both euro/usd and pound /usd. It means that you need to look for opportunities to Open long on these pairs. Over the last time, all currency pairs signalize about a coming decline of the US currency. This pair is not an exception. We expect that descending impulse will evolve which had supposedly formed the waves [1] and [2], and at present moment the wave [3] is developing. So, if the above-mentioned assumption is correct, we expect an abrupt impulse decline of the pair which is associated with development of the specified wave [3].

Vasiliy Lukin
FreshForex Analyst
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