An ascending impulse is on | 11 May 2016
11 May 2016, USD/JPY
The pair predictably continued to grow. We assume it is taking place within the frames of the upward impulse.
The chart below clearly shows that at the moment the price has apparently completed the third wave and started to form the correctional fourth wave. In the future we expected growth to resume due to development of the fifth wave, which is final for the current impulse. So, our trades shall remain open, and if possible it is better to transfer them to breakeven.
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.
