The wave b is still formed | 20 August 2015
20 August 2015, USD/JPY
In this pair everything is developing according to our expectations.
As we expected, the pair continued to decline due to the development of wave b of 5.
However, formation of this wave at the moment does not look complete, so in the near future we obviously expect continuation of decline of the pair, then the US dollar will start to strengthen against the Japanese currency again .
It is also important to note that the overall upward movement for this pair is coming to an end. < p> .png "continuing wave formation b.")
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.
