Development of the wave 2 is to be continued | 27 Juli 2015
27 Juli 2015, USD/JPY
In this pairdevelopment of correctional wave 2 of [5] is likely to continue and this is the wave inside the emerging end of the diagonal triangle.
No extraordinary movements took place, so in the near future the pair is expected to continue development of the correction, whereupon it will resume its upstream.
In the current situation it is better to watch, but shall we have the first sign of growth, we are to open long positions.
.png "expected continuation of wave 2.")
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.
