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Decline will continue

Decline will continue | 19 January 2016

19 January 2016, USD/JPY

The US dollar began to bounce, but we assume that it is caused by emerging correction inside the wave iii of the fifth wave being formed, which in its turn is also an impulse but a smaller level.

So in the near future we do not expect growth of the US dollar.

Obviously, in the near future we can expect resumption of drop of the pair within the borders of the considered scenario implying development of the wave iii

Decline will continue

Vasiliy Lukin
FreshForex Analyst
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