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Probably the fourth wave is generated in the form of a horizontal triangle

23 September 2015, USD/JPY

Probably the fourth wave is generated in the form of a horizontal triangle

In this pair nothing appears to be attractive for bulls.

The pair of actively continues to trade in the narrowing triangle, which is represented by the wave [iv] of the emerging wedge.

So, if this assumption is correct, in the future we can expect decline of the pair associated wiht the wave [v].

Probably the fourth wave is generated in the form of a horizontal triangle Probably the fourth wave is generated in the form of a horizontal triangle

Vasiliy Lukin
Analyst of «FreshForex» company
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