Perhaps, the wave iii of the upward momentum is starting | 30 Mei 2016

30 Mei 2016, USD/JPY

The price has clearly not reached goals of correction, but this did not prevent the price from renewing the movement in the upward direction. In the meantime, the correctional wave ii was not very long, and now the pair started to draft iii wave.

If this assumption proves to be correct, in the future we will have a long impulse growth. Within the framework of this scenario, you can try to open cautious long positions

Perhaps, the wave iii of the upward momentum is starting


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.
Vasiliy Lukin
Analis perusahaan "FreshForex"
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