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A high possibility of growth remains

02 September 2016, USD/JPY

USD/JPY hasn’t stay aside from this price moving.

Japanese currency as other currencies has moved against USD and the price has decreased rapidly.

But buyers returned influence on the pair and it is pointed on possibility of further growth.

At the moment we can observe forming of correction as a wave 4 of iii and that is why price can vary in narrow corridor.

For this reason it is better to wait for price consolidate above local maximum for opening deal.

Also we can use pending order which was set on 104.00 level

USD\JPY. Highly possibility of growth is remained.

Vasiliy Lukin
Analyst of «FreshForex» company
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