Log in

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
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.