Ready to continue to decline

21 December 2015, USD/JPY

This pair showed a sharp burst of activity of bulls, but this ardor immediately cooled down.

Such price action indicates that bears start to rule on the market.

It is possible that the sharp insurge was caused by completion of the correctional wave ii.

If this is true, we can expect decline of the pair within the borders of the wave iii of the downward momentum.

Ready to continue to decline

Vasiliy Lukin
FreshForex Analyst
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