A continued growth | 31 August 2016
31 August 2016, USD/JPY
Buyers is controlling situation with USD\JPY currency pair and everything goes as we have expected. Yesterday situation confirmed that pair has been rising and locked all tries of sellers to change the initiative. It is possible that we observe the moment of developing of 3 wave of iii. We are expecting the lengthening of the third wave of impulse.
So if the possibility is correct we are expecting pair growth so it isn’t time for sell. Good point for opening deal on buy is breakthrough of local price maximum.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
