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The iii wave is not finished; further decrease

The iii wave is not finished; further decrease | 15 February 2016

15 February 2016, USD/JPY

We couldn’t understand USD/JPY movement.

Decreasing impulse, which has been forming from the end of January, looks unfinished. Nevertheless the pair starts to rise and it could go through critical correction level.

If we could missed wave somewhere and impulse has finally formed

We are expecting pair decrease because of forming iii wave and decreasing impulse.

The iii wave is not finished; further decrease

Vasiliy Lukin
FreshForex Analyst
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