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Growth in the fifth impulse wave

Growth in the fifth impulse wave | 18 May 2016

18 May 2016, USD/JPY

Correction is still on. We assume that this correction is caused by the fourth wave of the upward momentum. The chart shows that it takes the form of a triple three. This figure looks completely finished.

Thus, if this assumption is true, in the near future we can expect resumption of the upward movement of the pair in the framework of this bullish scenario, ie, upward movement is likely to be caused by the final fifth wave.

Vasiliy Lukin
FreshForex Analyst
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