Development of the wave iii is expected

03 December 2015, USD/JPY

This pair did not show the expected movement, the pair rushed up once again, but did not update High.

It is possible that this way it completed formation of the wave ii of the emerging downward momentum.

In if this assumption is correct, in the future we expect resumption of decline of the pair caused by the wave iii of the downward momentum.

Development of the wave iii is expected

Vasiliy Lukin
FreshForex Analyst
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