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The pair is expected to decline

09 December 2015, USD/JPY

This pair is also developing well.

The price failed to update the local High and began to slide down slowly.

It is possible that this is a beginning of development of the wave iii of downward momentum.

So if this is true, in the future we will have a strong and long impulse decline of the pair.

The pair is expected to decline

This pair is also developing well.

The price failed to update the local High and began to slide down slowly.

It is possible that this is a beginning of development of the wave iii of downward momentum.

So if this is true, in the future we will have a strong and long impulse decline of the pair.

Vasiliy Lukin
FreshForex Analyst
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