The pair may resume its drop | 08 December 2015
08 December 2015, USD/JPY
It is a very good opportunity to sell at the best prices formed by the pair USD/JPY.
The US currency was not strong enough to continue to grow, which resulted in a slight but decline that can later develop into a strong momentum.
Based on these expectations, I opened another Sell trade with a Stop put at the local High.
We expected that in the near future development of the wave iii of the downward momentum will begin.
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.
