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The pair is expected to continue decline

19 October 2015, USD/JPY

The pair has supposedly formed the wave [v], which takes the form of the final diagonal triangle.

The pair is likely to stay in the flat in the nearest future, which is conditioned by formation of the wave iv of [v]. Although, we expect that te pair will continue its drop.

Thus, the situation continues to remain bearish in the future after development of a small correction associated with formation of the wave iv of [v]. After that, we expecte the pair to resume its drop.

expected continuation of decrease in pair.

Vasiliy Lukin
FreshForex Analyst
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