Log in


24 May 2016, USD/JPY

We assume that after the completion of the descending impulse the diagonal triangle has been formed, the pair started to generate upward momentum.The wave i of the upward momentum looks completely formed, so current drop I treat as correction as well as the wave ii.

Probably, a correctional decline is not over yet, so in the near future, the drop will continue. Upon update of the local High, I will open Buy transactions.

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.