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Bullish scenario is on

27 April 2016, USD/JPY

Perhaps, now we are witnessing formation of the ascending impulse with extension in the wave iii.

We expect another update of High, which probably is not far off.

Thus, the upward movement still has a good potential for development.

In this situation, you can try to buy with a Stop Loss set at the local Low of the price.

Bullish scenario is on

Perhaps, now we are witnessing formation of the ascending impulse with extension in the wave iii.

We expect another update of High, which probably is not far off.

Thus, the upward movement still has a good potential for development.

In this situation, you can try to buy with a Stop Loss set at the local Low of the price.

Vasiliy Lukin
FreshForex Analyst
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