The pair is ready to adjust its growth | 19 May 2016
19 May 2016, USD/JPY
In the course of its growth the pair has finally formed the upward momentum, which is represented by the wave i of the emerging larger momentum.
If this assumption is correct, in the near future we can expect a corrective decline of the pair, in which the wave ii is formed.
For this reason, I have closed by Buy trade. In the future I will look for the opportunities to open the new one (as soon as correction is over)
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.
