manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in


13 April 2016, USD/JPY

After an active drop the pair has apparently decided to take a timeout.

This is indicated by absence of directional movement, since the price simply can not go down physically.

Probably this way it has completed formation of the wave iii of [v] of the descending impulse and the pair gradually turned to a correction.

If this assumption is correct, in the future we can expect development of correction, whereupon the pair will apparently resume its decline in the framework of this downward momentum.

I would not recommend trading in this situation.


Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .