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Correction continues

28 October 2015, USD/JPY

We assume that this pair has finished development of the wave [a] of the emerging correction zigzag reprsented by the wave (ii).

Next, the price began a slow decline, starting an obvious development of the wave [b] of (ii).

At this point, the above-mentioned wave [b] is far from taking a final look, so in the future we expect a continued flat caused by formation of this wave.

Trading in the current situation, I think, is extremely dangerous, so it is best to watch the course of events from the side.

correction continues.

Vasiliy Lukin
Analyst of «FreshForex» company
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