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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
Analyst of «FreshForex» company
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