Correctional growth | 29 January 2016

29 January 2016, USD/JPY

The first wave of the assumed downward momentum is obviously over.

This explains a sharp growth, which probably has a corrective nature and took the form of a zigzag.

At the moment, said correction looks almost completely finished so soon we can expect resumption of drop of the pair within the frames of development of the descending impulse.

Correctional growth

Vasiliy Lukin
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
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 .