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Durable decline of the pair is expected

07 July 2015, USD/JPY

By all appearances, descending impulse is emerging for this pair in accordance with the schemes 1-2, 1-2.

At present, the waves [1] - [2] and 1-2 has been supposedly shaped which points out a durable movement in future cause each of these series is a full impulse.

In our case we deal with bearish impulses!

Now we have to open a short position and monitor a further development.

Durable decline of the pair is expected

Vasiliy Lukin
Analyst of «FreshForex» company
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