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In the diagonal triangle

In the diagonal triangle | 29 April 2016

29 April 2016, USD/JPY

This pair has updated Low, which automatically canceled bullish scenario.

Therefore, we had to change our frame.

According to updated version, the final wave [v] of the descending impulse is being formed now and it takes the form of the final diagonal triangle.

This model is expected to be finally formed at 104.00. Down to this mark, the pair is obviously going to drop, so you can try cautious sales

Vasiliy Lukin
FreshForex Analyst
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