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Development of the wave 2 is to be continued

27 July 2015, USD/JPY

In this pairdevelopment of correctional wave 2 of [5] is likely to continue and this is the wave inside the emerging end of the diagonal triangle.

No extraordinary movements took place, so in the near future the pair is expected to continue development of the correction, whereupon it will resume its upstream.

In the current situation it is better to watch, but shall we have the first sign of growth, we are to open long positions.

 expected continuation of wave 2.

Vasiliy Lukin
Analyst of «FreshForex» company
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