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Chance of a small corrective growth

18 January 2016, USD/JPY

The considered pair still sticks to our plan.

After a small correction caused by the fourth wave in the wave iii, the pair has resumed its drop.

So, development of the wave iii is obviously coming to an end.

If this assumption is true, soon we expect a correctional growth caused by formation of the wave iv.

However, buying in anticipation of a corrective bounce is not necessary as well as the potential risk is bigger than earning potential

Chance of a small corrective growth

Vasiliy Lukin
Analyst of «FreshForex» company
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