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Descending impulse wave iii is about to evolve

01 December 2015, USD/JPY

An unpleasant event took place when we traded with this pair. The price sharply turned up thereby affected Stop Loss orders.

However, it appears that this burst of activity of bears was false and is mainly associated with development of the correctional wave ii of the emerging downward momentum.

Thus, if this assumption is correct, in the future we can expect resumption of the impulse decline of the pair within the borders of the wave iii.

Descending impulse wave iii is about to evolve

Vasiliy Lukin
Analyst of «FreshForex» company
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