Ongoing development of the second wave of the rising impulse

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
See also:
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call