Ongoing development of the second wave of the rising impulse | 26 May 2016
26 May 2016, USD/JPY
Yesterday the pair began to fall, which is caused by the final wave of a simple zigzag in the wave ii of the rising impulse.
In the near future we expect this correctional wave to continue its development - which means that drop may continue. After formation of this correction, we expect a strong and long-lasting growth of the pair. That will be caused by the third wave of the ascending impulse
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.
