manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Bullish momentum is coming to the end

24 August 2015, USD/JPY

In this pair I would also like to check daily chart.

The following screenshot, perfectly visible, shows the upward momentum with the wave (iii).

This momentum has been emerging already from the end of October 2011, ie, the movement has been lasted for nearly 4 years!

It is the time to take a break and give an opportunity to bears to show themselves!

Wave frame tells about this possibility, cause now the wave [v] of (v) in the form of the diagonal triangle is probably being formed.

To complete development of this model, it lacks the final bullish wave, which development is expected in the near future.

upward momentum is close to completion.

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

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

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .