We assume that development of the fourth wave is over

21 October 2015, USD/JPY

We assume that development of the correctional wave iv of [v] on this pair is over.

Though this wave did not take the forms we expected it to have, and by its nature it more resembles the upward momentum, I still think, that at the moment its development is over.

So, if this assumption is correct, in the near future we can expect resumption of decline of the pair due to development of the wave v of [v].

Presumably completed the development of the fourth wave.

Vasiliy Lukin
FreshForex Analyst
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