The dollar begins to give ground

08 October 2015, USD/JPY

After a notable surge caused by an attempt to cope with a sharp decline of the dollar, it failed to continue to move in the upward direction.

Instead, it began a slow slide down, threatening to accelerate and get a powerful impulse to decline.

The scwnario implying formation of the wave [v] is again gaining ground in terms of highest probability of its implementation, so it is worth to look closer at sales from the current price levels with a Stop Loss placed at 121.00, and the target 117.00.

The dollar begins to give ground

Vasiliy Lukin
FreshForex Analyst
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