manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Decline will continue

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
See also:
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .