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The wave iii of the descending impulse is being formed

The wave iii of the descending impulse is being formed | 01 March 2016

01 March 2016, USD/JPY

So far, this pair sticks to our expectations.

The Yen moved into action once again, during which it won a part of the earlier lost levels, although the Low was not updated.

But, I think that it is only a matter of time, since, according to the wave scenario in the near future, we obviously expect development of the wave iii of downward momentum.

Thus, now we shall open short positions with the pair

The wave iii of the descending impulse is being formed

Vasiliy Lukin
FreshForex Analyst
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