Durable decline of the pair is expected | 07 Juli 2015
07 Juli 2015, USD/JPY
By all appearances, descending impulse is emerging for this pair in accordance with the schemes 1-2, 1-2.
At present, the waves [1] - [2] and 1-2 has been supposedly shaped which points out a durable movement in future cause each of these series is a full impulse.
In our case we deal with bearish impulses!
Now we have to open a short position and monitor a further development.
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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.
