Impulse decline of the pair is expected | 05 May 2015
05 May 2015, USD/JPY
As of now, US dollar is still taking control over the situation but we think it is a temporarily situation and is caused by a developing correction in the wave 2 of [3] descending impulse.
Thus, impulse decline is expected to renew soon.
These very expectations worked when we open Sell transaction. If support level is broken, I will try to add one more short position.
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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.
