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An extended correction with the upward exit?

29 June 2016, USD/JPY

In this situation, we should refrain from any trading operations. In terms of the wave analysis, the scenario remains the same. Let me remind you that an abrupt decline of the pair has supposedly turned to formation of the wave y of double zigzag.

Thus, in the future an impulse growth of the pair is likely start.

An extended correction with the upward exit?

In this situation, we should refrain from any trading operations. In terms of the wave analysis, the scenario remains the same. Let me remind you that an abrupt decline of the pair has supposedly turned to formation of the wave y of double zigzag.

Thus, in the future an impulse growth of the pair is likely start.

Vasiliy Lukin
FreshForex Analyst
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