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Upward movement has been finished

Upward movement has been finished | 25 August 2015

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.

upward momentum over!

Vasiliy Lukin
FreshForex Analyst
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