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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
Analyst of «FreshForex» company
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