21 March 2016, USD/JPY
The considered pair has probably completed correction, which is represented by the fourth wave of the descending impulse wave [v].
This indicates that development of descending impulse is about to be over, but has not been completed yet.
To l take a final view, the momentum needs another bearish wave - in the near future we expected it.
For this reason, I have open Sell transactions and after another drop they will be closed except for one, which will be saved in case the price will continue to move in a downward direction.
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us