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Correction

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
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