Impulse decline is about to be postponed | 21 July 2015
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.
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
