Goal of the correction has been achieved | 17 ديسمبر 2015
17 ديسمبر 2015, USD/JPY
The pair continues to grow within the frames of the upward correction, which apparently was caused by formation of the wave ii.
The goal on the level of 61.8% has been achieved and now we have a full right to expect renewed decline of the pair within the borders of the wave iii.
Of course, we do not exclude that correction will make a pirouette and would form a controversial model.
We still anticipate drop and based on this I opened a Sell trade with a stop at a local High
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.
