Correctional growth will continue

26 February 2016, USD/JPY

The pair is surely moving according to the route drafted on the chart below, thus implementing the corrective scenario.

At the moment, the wave ii of the downward momentum is being formed.

This wave implies growth, which is not over yet.

Therefore, in the future we expect the upward movement to continue.

The goal of growth is a local High with some update.

Thus, you can try to open a Buy trade hitting 115.00 - 115.50, and with Stop loss set at 111.50

Correctional growth will continue

Vasiliy Lukin
FreshForex Analyst
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