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In confusion

05 October 2015, USD/JPY

The dollar seemed to have started strongly to give ground, making the first steps to develop the wave [v], but something went wrong, making the price return to the starting point.

Such behavior may signal that the pair is not allowed to move down, and therefore it is more likely to begin the upward movement.

However, until that happens there is a chance for our scenario, so my transaction for the sale remain open.

It is also worth noting that the market currently is very dangerous, so we are just watching the market.

 The situation is confused.

Vasiliy Lukin
Analyst of «FreshForex» company
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