An extended correction with the upward exit? | 29 Juni 2016

29 Juni 2016, USD/JPY

In this situation, we should refrain from any trading operations. In terms of the wave analysis, the scenario remains the same. Let me remind you that an abrupt decline of the pair has supposedly turned to formation of the wave y of double zigzag.

Thus, in the future an impulse growth of the pair is likely start.

An extended correction with the upward exit?

In this situation, we should refrain from any trading operations. In terms of the wave analysis, the scenario remains the same. Let me remind you that an abrupt decline of the pair has supposedly turned to formation of the wave y of double zigzag.

Thus, in the future an impulse growth of the pair is likely start.


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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