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Ongoing development of the second wave of the rising impulse

Ongoing development of the second wave of the rising impulse | 26 May 2016

26 May 2016, USD/JPY

Yesterday the pair began to fall, which is caused by the final wave of a simple zigzag in the wave ii of the rising impulse.

In the near future we expect this correctional wave to continue its development - which means that drop may continue. After formation of this correction, we expect a strong and long-lasting growth of the pair. That will be caused by the third wave of the ascending impulse

Vasiliy Lukin
FreshForex Analyst
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