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The pair is ready to adjust its growth

19 May 2016, USD/JPY

In the course of its growth the pair has finally formed the upward momentum, which is represented by the wave i of the emerging larger momentum.

If this assumption is correct, in the near future we can expect a corrective decline of the pair, in which the wave ii is formed.

For this reason, I have closed by Buy trade. In the future I will look for the opportunities to open the new one (as soon as correction is over)

The pair is ready to adjust its growth

Vasiliy Lukin
FreshForex Analyst
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