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In anticipation of a reversal

08 July 2016, USD/JPY

The current wave frame is favorable for the upward impulse. So far, there is no evident bullish wave, so entering the market is not worth. It is better to wait for the clear impulse wave and on correction either open Buy trades or set a pending Buy Stop order at the local High around 101.70

The current wave frame is favorable for the upward impulse. So far, there is no evident bullish wave, so entering the market is not worth. It is better to wait for the clear impulse wave and on correction either open Buy trades or set a pending Buy Stop order at the local High around 101.70

Vasiliy Lukin
Analyst of «FreshForex» company
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