Bullish momentum is coming to the end | 24 August 2015
24 August 2015, USD/JPY
In this pair I would also like to check daily chart.
The following screenshot, perfectly visible, shows the upward momentum with the wave (iii).
This momentum has been emerging already from the end of October 2011, ie, the movement has been lasted for nearly 4 years!
It is the time to take a break and give an opportunity to bears to show themselves!
Wave frame tells about this possibility, cause now the wave [v] of (v) in the form of the diagonal triangle is probably being formed.
To complete development of this model, it lacks the final bullish wave, which development is expected in the near future.
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.
