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Goal of the correction has been achieved

17 December 2015, USD/JPY

The pair continues to grow within the frames of the upward correction, which apparently was caused by formation of the wave ii.

The goal on the level of 61.8% has been achieved and now we have a full right to expect renewed decline of the pair within the borders of the wave iii.

Of course, we do not exclude that correction will make a pirouette and would form a controversial model.

We still anticipate drop and based on this I opened a Sell trade with a stop at a local High

Goal of the correction has been achieved

Vasiliy Lukin
FreshForex Analyst
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