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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.

the beginning of development wave [v] downward momentum.

Vasiliy Lukin
Analyst of «FreshForex» company
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