Correctional growth will continue | 26 فبراير 2016
26 فبراير 2016, USD/JPY
The pair is surely moving according to the route drafted on the chart below, thus implementing the corrective scenario.
At the moment, the wave ii of the downward momentum is being formed.
This wave implies growth, which is not over yet.
Therefore, in the future we expect the upward movement to continue.
The goal of growth is a local High with some update.
Thus, you can try to open a Buy trade hitting 115.00 - 115.50, and with Stop loss set at 111.50
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.
