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The wedge is probably being formed

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
Analyst of «FreshForex» company
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