We expect a corrective bounce | 03 Februari 2016
03 Februari 2016, USD/JPY
The pair has renewed decline that we expected and we assume that thus it began to form thewave [iii] of the downward momentum.
However, I think that the price will make a corrective upward bounce in the framework of the internal correction in the wave [iii ] in the near future.
So, to open short positions, we should wait for a more favorable price.
Thus, in the near future we expect a corrective pullback pair followed by a resumed impulse decline of the pair.
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.
