There are 3 possible options | 06 مايو 2016
06 مايو 2016, USD/JPY
As we expected, US Dollar had gained some growth, which resulted in a certain correction. Further this correction may either turn into a continued growth (the impulse pattern). Another option is that it grow within the frames of a correctional zigzag, which will lead to update of the Low either the price will immediately resume the downward movement thereby drafting the final wave v of the final diagonal triangle.
At the moment, it is difficult to say which of the three options will be true, so I would recommend not to hurry and carefully wait for further developments. Perhaps, the price will give us a hint.
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.
