Third wave of descending impulse | 12 Abril 2016

12 Abril 2016, USD/JPY

No significant changes here.

The pair continues its downward momentum decline caused by the wave iii of [v].

Thus, further drop is expected to resume wave pairs due to the development of [v] wave , but before that, a correction must be prolonged, which can begin soon.

So, before opening of short positions, we are better to wait for completion of this correction

Vasiliy Lukin
Analista de la empresa" FreshForex
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