Correction | 31 March 2016

31 March 2016, USD/JPY

No surprises, the pair is standing still at the same place. Apparently, on this pair we do not observe the directional movement, the price is probably going through correction.

We assume that this correction will take the form of a zigzag, and will be shaped as we drafted on the chart below.

Of course, trading on such a sluggish market is not necessary, it is better to wait until one of the opposing parties gets active and act in suite with them.

So far, situation allows us expect resumption of growth of the pair. It is hard to say, which form it will take.

Vasiliy Lukin
FreshForex Analyst
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus