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Correction will continue

Correction will continue | 30 October 2015

30 October 2015, USD/JPY

We assume that the considered pair continues development of correction which apparently takes the form of a simple zigzag.

At the moment, this model is clearly represented by the wave [b]. To be finally formed, it lacks one more bearish wave.

We expect this particular wave in the near future and it is expected and, based on this expectation, I have opened a Sell trade.

So, if this assumption is true, in the near future we expect drop of the pair - this movement is the part of zigzag.

Correction will continue

Vasiliy Lukin
FreshForex Analyst
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