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The moment of truth

14 June 2016, USD/JPY

If buyers can move into action, we can expect a rapid impulse growth due to formation of the wave iii of the upward momentum. The strategy and entry points remain the same: breakthrough of the horizontal line shown on the chart and putting Stop Loss at Low (the critical price level).

If buyers can move into action, we can expect a rapid impulse growth due to formation of the wave iii of the upward momentum. The strategy and entry points remain the same: breakthrough of the horizontal line shown on the chart and putting Stop Loss at Low (the critical price level).

Vasiliy Lukin
FreshForex Analyst
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