Development of the wave [v] of descending impulse | 29 سبتمبر 2015

29 سبتمبر 2015, USD/JPY

This pair has begun to fully implement the considered scenario with a horizontal triangle as the wave [iv].

Having made a false upward breakdown by the wave e, the price began to decline due to formation of a wave [v].

So, if this assumption is correct, in the future we expect a continued decline of the pair within the limits of the considered scenario.

The nearest goal of the open position is the price level 115.60.

the beginning of development wave [v] downward momentum.


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.
Vasiliy Lukin
محلل شركة FreshForex
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