31 July 2015, USD/JPY
After it has steadily continued its attack against the Japanese currency on the local price level, the dollar has suddenly stopped to move and gave up.
It is possible that there are no buyers yet, so the pair is not ready to continue its upward movement
Thus, it is possible that in front of us, there is a part of the correctional wave 2.
If this is so, in the future we can expect a decline within the framework of this correction, while the wave 2 will obviously take the plane form.
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us