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Downward movement is not over!

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.

Downward movement is not over!

Vasiliy Lukin
Analyst of «FreshForex» company
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