Correction is still developing | 04 August 2015
04 August 2015, USD/JPY
No significant and minor changes.
There is a feeling that the pair went to sleep, so that to start a sharply impulse movement and make happy those, who opened a right deal, and scare those, who opened a wrong one.
The upward direction of the above-mentioned intended movement is the most likely, cause currently we assume that development of the wave 2 of [5] continues.
Thus, in the near future we expect another short bearish wave, after which the pair as part of the momentum resumes to grow.
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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.
