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The fourth corrective wave is still developing

The fourth corrective wave is still developing | 02 September 2015

02 September 2015, USD/JPY

No significant change impacting on the wave frame happened here.

The pair still continues to be traded within the frames of development of the wave [iv] of a presumably emerging wedge.

So, if this assumption is true, in the near future we expect growth to the upper line of the alleged wedge. Based on these expectations, I opened a deal.

continues the development of the fourth corrective wave.

Vasiliy Lukin
FreshForex Analyst
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