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Forming of the descending impulse will be over soon

18 April 2016, USD/JPY

As we expected, growth had a purely corrective nature and was caused by the wave iv of [v].

Current drop has updated the Low, which means that formation of the wave iv is successfully completed and now the price is developing the final wave v.

Thus, in the near future decline of the pair will come to the end and a full-scale growth will begin.

In this case we need to wait when specified upward movement begins and start buying.

So far, we have no signs of growth and we will be looking for the opportunities to enter on growth

Vasiliy Lukin
FreshForex Analyst
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