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Cautious purchases

04 April 2016, USD/JPY

The considered pair sticks to our scenario.

As we expected, the pair continued to decline, and has almost reached Low to form zigzag as the wave ii of the emerging upward impulse.

Based on expectations of further growth of the pair, we made a cautious attempt to buy with a stop loss at a local Low.

Since the future the price will grow, the balance of risk and potential profits looks very attractive very well.

In the future, my trade will be transferred to the breakeven at the earliest opportunity

Vasiliy Lukin
Analyst of «FreshForex» company
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