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23 October 2015, USD/JPY

This pair surprises us again.

The yen was going to attack, but suddenly stops suddenly and resumes its growth.

The same happened this time, the downward movement was contained. The momentum did not receive a proper scope and the price began to grow.

It is possible that this growth has a corrective nature and it is the wave ii of [v].

In this case, in the near future we are waiting for resumption of decline.

But short positions are extremely risky now, it is better to wait for the first wave in the anticipated direction, and make sales after that.


Analyst of «FreshForex» company
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