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Decline of the pair is expected

Decline of the pair is expected | 28 May 2015

28 May 2015, USD/JPY

This pair has supposedly formed a final diagonal triangle and, along with that, of an ascending impulse.

As we expected, the price has reached the upper level and is trying to get back to the channel.

Therefore, we will face decline of the pair in the nearest future. At present it is not clear if this decline will be correctional either impulse. But a well-shaped movement will take place without doubt.

Decline of the pair is expected.

Vasiliy Lukin
FreshForex Analyst
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