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Development of the wave 2 is expected

Development of the wave 2 is expected | 03 August 2015

03 August 2015, USD/JPY

This pair supposedly continues to develop correction.

Bulls are holding off on forcing, and bears can not wait to turn configuration in their favor, and it is clear, this impulse wave has been lasting for almost 4 years.

But in the near future the impulse is not going to complete, because the wave structure suggests presence of at least 3 waves, two of which are rising and have an impulse character.

In the meantime, bears may settle for a slight decline thanks to a developing correction wihtin the frames of the wave 2.

Development of the wave 2 is expected

Vasiliy Lukin
FreshForex Analyst
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