Impulse decline is about to be postponed

21 July 2015, USD/JPY

Nevertheless, buyers managed to push the price above a critical level. That cancelled wedge scenario.

Decline had a correctional character and though it was shaped as a double zigzug, this wave is [4] in the emerging wedge.

Further we expect continuation of growth, which will form the wave [5] of v. After that, the impulse, which had been formed within 4 years, will be over and correction will start.

Impulse decline is about to be postponed.

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call