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A deeper drop

07 April 2016, USD/JPY

The pair started to justify the hopes I laid on it and continued to decline under the downward momentum.

The price has updated the Low and now, probably, we witness development of the wave iii of [v] of the descending impulse.

Now the momentum does not look finished, so I expect that the price will continue to move in this direction.

My opened Sell trade has already turned into the black and now I can safely observe intricacies of the pair. < p> In the future, I may openanother Sell trade, as the potential of the movement seems to be very good.

Vasiliy Lukin
FreshForex Analyst
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