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Correction is still developing

04 August 2015, USD/JPY

No significant and minor changes.

There is a feeling that the pair went to sleep, so that to start a sharply impulse movement and make happy those, who opened a right deal, and scare those, who opened a wrong one.

The upward direction of the above-mentioned intended movement is the most likely, cause currently we assume that development of the wave 2 of [5] continues.

Thus, in the near future we expect another short bearish wave, after which the pair as part of the momentum resumes to grow.

The development of the correction continues.

Vasiliy Lukin
Analyst of «FreshForex» company
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