Further decline is expected | 08 July 2015
08 July 2015, USD/JPY
Further decline is expected
Our expectations and scenario on this pair remain the same.
Bears are taking over the initiative again, thereby forcing the pair to fall down gradually.
This way the wave 3 of [3] of a descending impulse is being formed.
If our assumption is correct, in the nearest time we expect an abrupt and durable decline of the pair.
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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.
