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The final diagonal triangle continues to grow

05 May 2016, USD/JPY

Perhaps at the moment, there is a correction as the part of the wave v of the final diagonal triangle.

Therefore, in the future we may expect a renewed drop within the frames of this model.

But we do not rule out that the formation of the final diagonal triangle is over and the observed surge means a new upward impulse.

We should be very careful, because growth may turn out to be significant that, make sure that this is the beginning of the upward momentum, but then the pair will drop down sharply, because it could be just a correction within the framework of development of the wave v of [v]

Vasiliy Lukin
Analyst of «FreshForex» company
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