Formation of the third impulse wave has started
28 December 2015, USD/JPY
Bears managed to push the price under the local Low, which indicates that we currently witness development of the wave iii of downward momentum.
In the near future the price is likely to quickly return to the broken level, from where it will continue to move down at faster pace.
Thus, in the near future we expect momentum decline of the pair associated with development of the wave iii.
Vasiliy LukinAnalyst of «FreshForex» company
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