manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

The correction is likely to take the form of zigzag

02 June 2016, USD/JPY

The upward momentum repersented by the wave i has been finished just two days ago. This was followed by an abrupt decline, which is being observed at the moment.

Probably, the downward movement is caused by beginning of development of the correctional wave ii. In this case, in the near future we expect a slight surge followed by another drop.

Thus, the correction pattern is likely to take the form of a simple zigzag, and upon its completion, we should prepare Buy trades with a view to a third wave of the rising impulse.

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.