Descending impulse wave iii is about to evolve | 01 ديسمبر 2015
01 ديسمبر 2015, USD/JPY
An unpleasant event took place when we traded with this pair. The price sharply turned up thereby affected Stop Loss orders.
However, it appears that this burst of activity of bears was false and is mainly associated with development of the correctional wave ii of the emerging downward momentum.
Thus, if this assumption is correct, in the future we can expect resumption of the impulse decline of the pair within the borders of the wave iii.
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.
