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Decline can be caused by the third impulse wave

22 December 2015, USD/JPY

We assume that the considered pair has begun to form the third impulse wave.

In the near future drop of the pair may be caused by development of this model, but we should not exclude the fact that the pair begins to be corrected and it turns out that the wave ii has been not formed completely.

However, this chance is minor, so the sale is currently the most attractive option.

Decline can be caused by the third impulse wave

Vasiliy Lukin
Analyst of «FreshForex» company
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