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Decline caused by the wave [v]

20 October 2015, USD/JPY

This pair continues to form the wave [v] of the falling wedge.

We assume that this wave takes the form of the final diagonal triangle, in which the wave iv is being formed.

To be finally formed, this wave lacks a small upward movement.

Obviously, this movement will take place in the near future, after which the price will start to decline within development of the wave v of [v].

expected decrease in pair within the limits of wave [v] of the final diagonal triangle.

Vasiliy Lukin
FreshForex Analyst
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