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Double zigzag is still developing

17 June 2016, USD/JPY

The price is slowly slipping down within the framework of the wave [c] of y.

It is difficult to say how long the specified wave model will continue to form. Therefore, the situation is either to sell or stay out of the market until the wave frame will be clarified.

Double zigzag is still developing

The price is slowly slipping down within the framework of the wave [c] of y.

It is difficult to say how long the specified wave model will continue to form. Therefore, the situation is either to sell or stay out of the market until the wave frame will be clarified.

Vasiliy Lukin
Analyst of «FreshForex» company
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