Wait for correction grow of ii wave

05 February 2016, USD/JPY

The Japanese currency, despite of all expenditures, continues to attack US dollar, and this led to strong price decrease downwards. However, this currency price is unlikely to break local Low, especially since the price has returned to it without roll back. Thus, in the near future, we obviously expect a correction of the pair due to the development of ii wave, forming descending impulse.

Wait for correction grow of ii wave

Vasiliy Lukin
FreshForex Analyst
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