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The pair is expected to decline

The pair is expected to decline | 06 August 2015

06 August 2015, USD/JPY

The pair is expected to decline

Though US Dollar failed to update the local High, it looks like an ugly wave structure.

Perhaps this move is correctional in nature.

If this is the case, saying that the wave 2 has been completed, was a premature conslution.

Another bearish wave lacks here, which development in the near future and is expected.

expected decrease in pair. The pair is expected to decline

Vasiliy Lukin
FreshForex Analyst
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