Development of the wave [v] of descending impulse | 29 September 2015
29 September 2015, USD/JPY
This pair has begun to fully implement the considered scenario with a horizontal triangle as the wave [iv].
Having made a false upward breakdown by the wave e, the price began to decline due to formation of a wave [v].
So, if this assumption is correct, in the future we expect a continued decline of the pair within the limits of the considered scenario.
The nearest goal of the open position is the price level 115.60.
![the beginning of development wave [v] downward momentum.](/netcat_files/Image/USDJPYH4(24).png "beginning of the development wave [v] downward momentum.")
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.
