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The fourth wave continues its development

The fourth wave continues its development | 28 January 2016

28 January 2016, USD/JPY

This pair shows no changes.

We assume that correction is still being formed caused by development of the wave iv of downward momentum.

In the near future we expect resumption of decline, which will develop the wave v.

In this situation, you can try to sell gently with Stop order set at a local High.

The fourth wave continues its development

This pair shows no changes.

We assume that correction is still being formed caused by development of the wave iv of downward momentum.

In the near future we expect resumption of decline, which will develop the wave v.

In this situation, you can try to sell gently with Stop order set at a local High.

Vasiliy Lukin
FreshForex Analyst
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