Correction | 31 Maret 2016
31 Maret 2016, USD/JPY
No surprises, the pair is standing still at the same place. Apparently, on this pair we do not observe the directional movement, the price is probably going through correction.
We assume that this correction will take the form of a zigzag, and will be shaped as we drafted on the chart below.
Of course, trading on such a sluggish market is not necessary, it is better to wait until one of the opposing parties gets active and act in suite with them.
So far, situation allows us expect resumption of growth of the pair. It is hard to say, which form it will take.
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.
