Log in

Correctional drop

01 April 2016, USD/JPY

Nothing interesting about this pair. The pair is frozen and now it is the second day when we are just waiting.

Perhaps it means correction on small levels, and drop within the framework of this correction is not over yet.

Therefore, in the near future we are likely to expect the downward movement in the development of correction. This movement shown is drafted on the chart below by the dotted lines.

In the future, after drop, we obviously expect resumption of growth of the pair.

It is difficult to say whether this impulse be corrective, but don't miss opportunities to make profit from this growth here, so in the future I will look closer to purchases

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.