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The pair is expected to decline

The pair is expected to decline | 22 October 2015

22 October 2015, USD/JPY

The US dollar with the yen also could not surprise us by anything, continuing a slow ascent to some unidentified top.

So far, this growth has not led to cancelletion of the considered scenario, so we still expect decline of the pair within the borders of wave v on the end of the diagonal triangle.

Although we do not exclude option, in which the price sharply goes up prior to strong decline, indicating that it intends to form an upward momentum, and then suddenly would fall updating lows.

So you should be very careful with this pair.

Vasiliy Lukin
FreshForex Analyst
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