US dollar continues its decline against Japanese Yen | 06 May 2015

06 May 2015, USD/JPY

Here is a short review of USD/JPY

Once again bulls were not capable of developing their advantage and started to retreat.

Quite probable that it has finished development of the wave 2 of [3] of descending impulse.

So, should this assumption be correct, soon we will witness a further decline of the pair within the frames of evolving descending impulse.

Sell trade is still open.

US dollar continues its decline against Japanese Yen

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.

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Vasiliy Lukin

FreshForex Analyst

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