Log in

An ascending impulse is on

11 May 2016, USD/JPY

The pair predictably continued to grow. We assume it is taking place within the frames of the upward impulse.

The chart below clearly shows that at the moment the price has apparently completed the third wave and started to form the correctional fourth wave. In the future we expected growth to resume due to development of the fifth wave, which is final for the current impulse. So, our trades shall remain open, and if possible it is better to transfer them to breakeven.

Vasiliy Lukin
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.