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Perhaps, the wave iii of the upward momentum is starting

Perhaps, the wave iii of the upward momentum is starting | 30 May 2016

30 May 2016, USD/JPY

The price has clearly not reached goals of correction, but this did not prevent the price from renewing the movement in the upward direction. In the meantime, the correctional wave ii was not very long, and now the pair started to draft iii wave.

If this assumption proves to be correct, in the future we will have a long impulse growth. Within the framework of this scenario, you can try to open cautious long positions

Perhaps, the wave iii of the upward momentum is starting

Vasiliy Lukin
FreshForex Analyst
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