Descending impulse is about to start its development

25 May 2015, USD/JPY

25 May of 2015, USD/JPY

Bulls still try to prevent descending scenario and at the same time cannot cancel it.

It is quite possible that currently correction in the form of double three in the wave ii is finishing.

Update of High would cancel this plan. If the price reverses and starts an abrupt decline, we will face a continious slump with bearish impulse formed in its course.

Descending impulse is expected to start.

Vasiliy Lukin
FreshForex Analyst
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