19 August 2016, USD/JPY
The pair continued to move along the fence along 100.00 from time to time making breakthroughs, but bulls immediately returned their positions. In the end, sellers got bored and a surge of the price took place. Our wave frame fits this scenario and at the moment the price is ending to form correction in the wave [ii]. Thus, if the assumption regarding the wedge is proved in the near future, we can expect growth caused by development of the wave [iii].