Corrective drop

30 March 2016, USD/JPY

Probably, this decline means beginning of correction, which is likely to take the form of a simple Zigzag.

In this situation I would not recommend to trade, because at any moment movement can bring unexpected surpsises and assumed corrective decline may lead to impulse growth and leap.

Thus, in the near future we expected development of correction, and then, probably, the pair will resume the upward movement in the form of a impulse, but we may not exclude a further drop of the pair

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call