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Decline will continue

05 August 2016, USD/JPY

Currently the pair is within the flat correction, from where it is likely to move down. It seems that the impulse inside the wave has not been formed yet. So, in the near future we expect obvious decline to the critical level, at which it is expected to reverse and start impulse growth of the pair.

Currently the pair is within the flat correction, from where it is likely to move down. It seems that the impulse inside the wave has not been formed yet. So, in the near future we expect obvious decline to the critical level, at which it is expected to reverse and start impulse growth of the pair.

Vasiliy Lukin
FreshForex Analyst
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