A small adjustment

15 December 2015, USD/JPY

Apparently, this pair has completed development of the wave iii of the emerging downward momentum.

It should be noted that this wave had an extended shape and the chart perfectly shows an impulse inside this wave.

This proves that intentions of sellers are serious.

However, in the near future we probably expect a correction due to formation of the wave iv, therefore, selling now is not necessary, it is better to wait for a more favorable moment for sale and a better price.

A small adjustment

Vasiliy Lukin
FreshForex Analyst
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