It is time for a small correction

04 February 2016, USD/JPY

Expectations of correction were not justified.

Sellers did not shelve the business and attacked their opponents.

As a result, a strong impulse decline took place which is linked to development of the wave i of [iii].

Thus, in the near future, we expect a corrective pullback, although the wave [ii] can take a more complex shape than single zigzag

It is time for a small correction

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
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 .
manager photo manager photo
We will be pleased to answer any questions you may have


Get bonus