The wedge is probably being formed | 31 August 2015

31 August 2015, USD/JPY

Notable decline was replaced by the active phase of growth again.

The upward momentum, which began its development 4 years ago, looks already completed, so recent price swings might occur due to beginning of the wedge .

So, if this assumption is true, within the near future we will have a powerful corrective growth caused by formation of the wave [iv], after which the downward decline will be resumed within the framework of the fifth wave. < p> Perhaps the wedge.


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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