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Corrective drop

Corrective drop | 30 March 2016

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
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