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The wave 5 of wedge is expected to develop

The wave 5 of wedge is expected to develop | 15 July 2015

15 July 2015, USD/JPY

Growth of this pair has slowed down and the price made some way to drop..

But it was replaced with a growth. However, this movement was not able to reach its previous Highs.

Perhaps, formation of the wave 4 of a supposed wedge is over.

If our assumption is correct, we will witness decline associated with development of the wave 5.

The wave 5 of wedge is expected to develop

Vasiliy Lukin
FreshForex Analyst
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