Development of the wave [v] of descending impulse
29 September 2015, USD/JPY
This pair has begun to fully implement the considered scenario with a horizontal triangle as the wave [iv].
Having made a false upward breakdown by the wave e, the price began to decline due to formation of a wave [v].
So, if this assumption is correct, in the future we expect a continued decline of the pair within the limits of the considered scenario.
The nearest goal of the open position is the price level 115.60.
Vasiliy LukinAnalyst of «FreshForex» company
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