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The new rising scenario

The new rising scenario | 17 November 2015

17 November 2015, USD/JPY

In recent time, the yen has been doing nothing except losing its positions, with occasional retreats, but no more than that.

Probably now we can expect development of the next impulse upward movement.

It is possible than by now formation of the wave iv of [iii] the upward momentum is over.

So, if this assumption is correct, in the near future we can expect growth within the borders of the wave v of [iii].

Vasiliy Lukin
FreshForex Analyst
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