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There are 3 possible options

06 May 2016, USD/JPY

As we expected, US Dollar had gained some growth, which resulted in a certain correction. Further this correction may either turn into a continued growth (the impulse pattern). Another option is that it grow within the frames of a correctional zigzag, which will lead to update of the Low either the price will immediately resume the downward movement thereby drafting the final wave v of the final diagonal triangle.

At the moment, it is difficult to say which of the three options will be true, so I would recommend not to hurry and carefully wait for further developments. Perhaps, the price will give us a hint.

There are 3 possible options

Vasiliy Lukin
FreshForex Analyst
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