The price has approached a critical level | 17 July 2015
17 July 2015, USD/JPY
A strong ascending movement has stopped but the price has closely approached a critical level. Breakthrough of this level will cancel the plan implying the wedge and considered by us earlier.
But so far we assume that the wave 4 has completed its formation and in the nearest time we shall expect a decline within the frames of development of the wave 5.
Expecting this wave, we had opened Sell trade which is about to approach Stop Loss.
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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.
