The pair may start impulse decline | 09 October 2015
09 October 2015, USD/JPY
Bears still can not push the dollar so much that it would move down, so the price continues to teeter on the brink of a severe decline.
The wave scenario for this reason remains the same, we expect development of thewave [v] of the descending impulse movement.
I have moved Stop Loss on my trade to the nearest local Low, this was done in order to limit potential loss.
Thus, this pair is expected to develop an impulse decline, which is associated with development of the wave [v].
.png "begin to decline in the 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.
