An ascending impulse is expected to develop | 13 Mei 2016
13 Mei 2016, USD/JPY
Buyers appear to have decided to postpone development of the final fifth wave of the rising impulse. Probably, the present correction is caused by development of the fourth wave.
The pair is expected to continue to move up to finish the emerging impulse. For this reason, my opened Buy trade is still in operation. It was transferred into a profitable Stop Loss.
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.
