Development of the wave 2 is expected | 03 أغسطس 2015
03 أغسطس 2015, USD/JPY
This pair supposedly continues to develop correction.
Bulls are holding off on forcing, and bears can not wait to turn configuration in their favor, and it is clear, this impulse wave has been lasting for almost 4 years.
But in the near future the impulse is not going to complete, because the wave structure suggests presence of at least 3 waves, two of which are rising and have an impulse character.
In the meantime, bears may settle for a slight decline thanks to a developing correction wihtin the frames of the wave 2.
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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.
