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Impulse decline of the pair is expected

22 May 2015, USD/JPY

22 мая 2015, USD/JPY

Once again, the pair has reached the upper level of resistance and started to bounce from it.

Since it has not updated High, we can suppose that on this point formation of double three figure has been completed and it was the way how the wave ii has formed.

Therefore, in the nearest time impulse decline of the pair is expected and this decline is associated with development of the wave iii of descending impulse. We think that this time this movement will develop.

Ожидается импульсное снижение пары.

Vasiliy Lukin
Analyst of «FreshForex» company
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