Situation remains bearish tone | 16 October 2015
16 October 2015, USD/JPY
The dollar seems to be artificially held by the sharp drop against the Japanese currency.
Every sharp splash is immediately responded by buyout.
Impulse decline was halted and the price has vehemently started to play it back.
On the basis of this, in the future it may continue to grow, because downward of the price is not allowed, even though the wave picture is bearish and a wave [v] of the downward momentum looks clearly unfinished.
So, meanwhile better is to refrain from taking actions.
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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.
