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Decline is expected

19 November 2015, USD/JPY

This pair has updated its local High, but bulls were not allowed to move further and were sharply besieged.

It may be caused by uncompleted formation of the wave iv.

So in the future we obviously expect decline within development of the correction.

In this regard, a good point to open a Sell trade has been formed.

This pair has updated its local High, but bulls were not allowed to move further and were sharply besieged.

It may be caused by uncompleted formation of the wave iv.

So in the future we obviously expect decline within development of the correction.

Vasiliy Lukin
Analyst of «FreshForex» company
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