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Formation of Zigzag continues

29 October 2015, USD/JPY

So far, this pair also follows our scenario.

We assume that at the moment the correctional wave [b] of (ii) is being formed and it will take the form of a simple Zigzag.

if this assumption is correct, in the future we can expect price movement similar to the one shown on the chart below.

So soon we expect continuation of formation of correction.

Formation of Zigzag continues

So far, this pair also follows our scenario.

We assume that at the moment the correctional wave [b] of (ii) is being formed and it will take the form of a simple Zigzag.

if this assumption is correct, in the future we can expect price movement similar to the one shown on the chart below.

So soon we expect continuation of formation of correction.

Vasiliy Lukin
Analyst of «FreshForex» company
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