Dollar is weaker, but still can grow within the frames of correction | 18 سبتمبر 2015
18 سبتمبر 2015, USD/JPY
On yesterday's news (decision on the interest rate), the US dollar weakened, providing currencies in the pair with US dollar with an advantage.
The yen also took a sharp decline, thereby having closed my Buy trade with Stop Loss.
So far, this decline has not had a notable impact on the considered scenario of strengthening of the dollar within the frames of correction. However, if the price continues to decline, we'll change the goals and wave frame to bearish.
In the meantime, it is better to stay aside and observe the situation.
.png "The dollar weakened, but the chances of strengthening in the correction are stored.")
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.
