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Dollar is weaker, but still can grow within the frames of correction

18 September 2015, USD/JPY

On yesterday's news (decision on the interest rate), the US dollar weakened, providing currencies in the pair with US dollar with an advantage.

The yen also took a sharp decline, thereby having closed my Buy trade with Stop Loss.

So far, this decline has not had a notable impact on the considered scenario of strengthening of the dollar within the frames of correction. However, if the price continues to decline, we'll change the goals and wave frame to bearish.

In the meantime, it is better to stay aside and observe the situation.

 The dollar weakened, but the chances of strengthening in the correction are stored.

Vasiliy Lukin
Analyst of «FreshForex» company
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