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Chances for rising impulse

Chances for rising impulse | 15 August 2016

15 August 2016, USD/JPY

Dollar still can not find the approach to the Japanese currency, which successfully fights buyers' attacks. But sellers do not go further and are limited to only defensive actions. Expectations of growth are maintained. Perhaps the last price fluctuations are the waves 1 and 2 of the emerging upward impulse in the wave iii.

If this assumption is correct, in the near future we expect rapid impulse growth of the pair caused by formation of the wave 3 of iii.

Vasiliy Lukin
FreshForex Analyst
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