Third impulse wave is still evolving

29 December 2015, USD/JPY

The Yan slowly but firmly shows that the US dollar needs to relax.

We assume that the price is slowly sliding down under the emerging wave iii of the downward momentum.

For a beter confidence, it lacks impulse acceleration.

It is likely that it will happen soon, although we also can not exclude the possibility of postponing all the important tasks for the new year.

Thus, we have a little desire to trade, it is better to open short positions

Third impulse wave is still evolving

Vasiliy Lukin
FreshForex Analyst
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