Formation of Zigzag continues | 29 October 2015

29 October 2015, USD/JPY

So far, this pair also follows our scenario.

We assume that at the moment the correctional wave [b] of (ii) is being formed and it will take the form of a simple Zigzag.

if this assumption is correct, in the future we can expect price movement similar to the one shown on the chart below.

So soon we expect continuation of formation of correction.

Formation of Zigzag continues

So far, this pair also follows our scenario.

We assume that at the moment the correctional wave [b] of (ii) is being formed and it will take the form of a simple Zigzag.

if this assumption is correct, in the future we can expect price movement similar to the one shown on the chart below.

So soon we expect continuation of formation of correction.


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.
Vasiliy Lukin
FreshForex Analyst
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