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The pair is preparing for a further drop

The pair is preparing for a further drop | 01 October 2015

01 October 2015, USD/JPY

The pair is preparing for a further drop

At the moment, we can say that formation of the horizontal Triangle as the wave [iv] has been completed.

The pair is preparing for a further drop, which is caused by development of the wave [iv] of downward momentum.

Thus, I still keep a Sell trade open and can even add another one to it, because probability of a further decline is still very high.

preparing for further reduction.

Vasiliy Lukin
FreshForex Analyst
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