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US dollar continues its decline against Japanese Yen

06 May 2015, USD/JPY

Here is a short review of USD/JPY

Once again bulls were not capable of developing their advantage and started to retreat.

Quite probable that it has finished development of the wave 2 of [3] of descending impulse.

So, should this assumption be correct, soon we will witness a further decline of the pair within the frames of evolving descending impulse.

Sell trade is still open.

US dollar continues its decline against Japanese Yen

Vasiliy Lukin
FreshForex Analyst
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