The wedge is probably being formed | 31 August 2015

31 August 2015, USD/JPY

Notable decline was replaced by the active phase of growth again.

The upward momentum, which began its development 4 years ago, looks already completed, so recent price swings might occur due to beginning of the wedge .

So, if this assumption is true, within the near future we will have a powerful corrective growth caused by formation of the wave [iv], after which the downward decline will be resumed within the framework of the fifth wave. < p> Perhaps the wedge.

Vasiliy Lukin
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus