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Yen is gaining confidence

14 December 2015, USD/JPY

This pair is gradually drafting the pattern, which should indicate the future prospects of the considered currencies against each other.

We assume that by now development of the wave iii has completed, which was formed in the form of an easily visible impulse.

So, this wave turned to be extended and in the near future it is likely that we will see a corrective growth caused by formation of the wave iv.

In general, the picture is bearish, so far we forget about purchases.

Yen is gaining confidence

Vasiliy Lukin
Analyst of «FreshForex» company
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