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The US dollar is losing ground

10 December 2015, USD/JPY

If we consider the situation on the given pair in terms of all aspects, we can say that the recent success of the euro, the pound and the yen is not their deserve.

The US dollar is losing its position. And it doing that so fast that even at the considered pair is developing momentum.

We assume that at this time the wave iii is being formed, or rather this wave is being extended.

If this assumption is true, in the future we can expect continuation of decline of the pair.

The US dollar is losing ground

Vasiliy Lukin
Analyst of «FreshForex» company
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