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Impulse decline of the pair is expected

Impulse decline of the pair is expected | 29 June 2015

29 June 2015, USD/JPY

We assume that correction has completed its development for this pair. It took the form of planes.

Today's session opened with a downward Gap. Meanwhile, bulls failed to overlap this gap.

Therefore, the wave 3 of a descending impulse has started to shape.

If our assumption is correct, in the nearest time we expect that impulse decline of the pair would continue.

Impulse decline of the pair is expected.

Vasiliy Lukin
FreshForex Analyst
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