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Correction obviously continues its development

Correction obviously continues its development | 19 August 2015

19 August 2015, USD/JPY

In this pair is obviously forming correction within the frames of development of the wave b of [5] the end of the diagonal triangle.

For full completion of the development of this wave, a final movement down is not enough.

In the near future decline is expected.

After that we obviously expect another upward wave, which will complete the entire cycle of the upward impulse. The last cycle had been formed for about 4 years.

Correction obviously continue to develop.

Vasiliy Lukin
FreshForex Analyst
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