Correction is developing | 26 Oktober 2015
26 Oktober 2015, USD/JPY
We assume that in this pair formation of the wedge has completed as the first wave of downward momentum.
In this case, the wave [v], turned to be truncated, indicating a growing strength of bulls that actually is currently observed.
However, the growth observed at the moment has obviously a corrective nature.
So, if this assumption is correct, in the near future we can anticipate continuation of correction, which is expected to take the form of a simple zigzag.
.png "It is clear there is a development of correction.")
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.
