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USD\JPY is waiting for third wave?

07 June 2016, USD/JPY

Dollar began to come to life slowly after a sharp wave of weakening. However, it does not mean that relapse will not happen again, therefore if to trade, then trade a few to be very careful. Wave analysis shows further movement very clearly. In the previous review it has been suggested that during this sharp decline, was finally formed ii wave, the nascent upward momentum. Based on these assumptions, the long position was open, which is already transferred in to black at the moment. In the near future it is expected to further increase within the iii wave formation of considered bullish momentum.

USD\JPY is waiting for third wave?

Vasiliy Lukin
Analyst of «FreshForex» company
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