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The wave b is still formed

20 August 2015, USD/JPY

In this pair everything is developing according to our expectations.

As we expected, the pair continued to decline due to the development of wave b of 5.

However, formation of this wave at the moment does not look complete, so in the near future we obviously expect continuation of decline of the pair, then the US dollar will start to strengthen against the Japanese currency again .

It is also important to note that the overall upward movement for this pair is coming to an end. < p> The formation wave b.

Vasiliy Lukin
Analyst of «FreshForex» company
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