25 August 2015, USD/JPY
It is quite possible that the pair has completed formation of the final diagonal triangle, and, along with that, entire rising impulse of movement.
This possibility indicates that the pair failed to update High and crashed down!
Thus, this decline could be the wave iii of the emerging downward momentum.
If this assumption is correct, in the future we can expect continuation of the impulse decline.
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