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Growth | 26 April 2016

26 April 2016, USD/JPY

If we consider the movement of the pair in detail, we will find interesting moments.

So, as we previously mentioned, the downward momentum seems to be finished by the moment.

Growth observed now has been apparently formed as the upward impulse, in which now the wave iii is developing.

We should also note that this wave is likely to be extended.

The pair has a good potential for a further growth, it is worth to try to Buy with a Stop Loss set just below the local Low around 110.30

Vasiliy Lukin
FreshForex Analyst
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