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We are expecting a continued decrease

12 February 2016, USD/JPY

There are no prerequisites for correction pullback.

Incipient wave iii is going to further lengthen.

That is why we could make decision that the pair is going to further decrease which is figured on chart.

But sell on this level is not attractive. It is better to wait for possibility of buying on correction movement.

We are expecting a continued decrease

There are no prerequisites for correction pullback.

Incipient wave iii is going to further lengthen.

That is why we could make decision that the pair is going to further decrease which is figured on chart.

But sell on this level is not attractive. It is better to wait for possibility of buying on correction movement.

Vasiliy Lukin
Analyst of «FreshForex» company
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