We expect the wave iv to evolve | 18 November 2015
18 November 2015, USD/JPY
This pair follows our updated scenario.
Bulls counterattacked, which led to resumption of the upward momentum.
However, after reaching a local High, the price stopped. Perhaps, in the near future we'll see decline of the pair caused by a continued formation of the correctional wave iv.
Thus, in the near future we expected a continued development of correction within the above-mentioned formation of the correctional wave.
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.
