Correction continues its formation | 18 August 2015

18 August 2015, USD/JPY

Correction continues its formation

This pair apparently continues development of correction associated with formation of the wave 2.

Until this wave has not finished its formation, because it requires at least one more bearish wave.

Thus, in the near future we expect a sharp declinem which it will finally bring the wave 2 of [5].

 Correction continues its formation


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.
Vasiliy Lukin
FreshForex Analyst
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