Expectations regarding decline of the pair remain

24 December 2015, USD/JPY

So far, the considered the pair stick to our scenario.

The pair is dropping, but not as fast as we would like.

The market is in no hurry to develop the wave iii, so you need to monitor: as long as the price does not update the local Low, an upward bounce can happen and lead to continuation of the correction.

At the moment, my opened Sell trade was transferred to breakeven, so I can safely watch the market

Expectations regarding decline of the pair remain

Vasiliy Lukin
FreshForex Analyst
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