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A continued growth

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.

USD\JPY. Pair growth is continuing

Vasiliy Lukin
Analyst of «FreshForex» company
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