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Decline of the pair is expected

Decline of the pair is expected | 12 October 2015

12 October 2015, USD/JPY

This pair continues to develop within the frames of flat.

Formation of a horizontal triangle represented by the wave [iv] looks completely finished, but the price is not in a hurry to go down to develop the final wave [v].

However, in general, everything looks so that in the future we can expect drop, which will form the final wave of the considered downward momentum.

Based this, I still keep my trade opened.

expected decrease in pair.

Vasiliy Lukin
FreshForex Analyst
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