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Correction

28 March 2016, USD/JPY

Dollar has determinately continued to move up, probably initiating to develop the new model. Meanwhile, it is difficult to say which model will emerge, most likely, development of correction, namely zigzag.

Before continuation of further growth we expected a correctional drop, so now it is too early to open trades. It is better to wait for end of correction of the pair to find a better situation to open a position, with a good level for setting a protective Stop level.

But before that we should focus on monitoring of the situation

Vasiliy Lukin
FreshForex Analyst
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