Decline will continue

12 January 2016, USD/JPY

This pair is still developing the wave iii of the downward impulse and it is early to state that this wave is over.

Entrying into sales now is too late, so you should wait for the upward rollback of the price and open short trades at the best prices.

In the near future we expect a slight decline of the pair, whereupon it will be corrected as part of extension in the wave iii

Decline will continue

Vasiliy Lukin
FreshForex Analyst
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