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Decline is most likely option

Decline is most likely option | 11 April 2016

11 April 2016, USD/JPY

The upward movement has turned out to be correction indeed. Since the price has failed to update the Low, the next attempt of buyers to attack may take place soon. That at least will form zigzag as a correctional model in the third wave of wave iii.

So, if you decide to open a Sell trade, you should do this very carefully and at the first opportunity transfer them to the breakeven status

Vasiliy Lukin
FreshForex Analyst
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