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The pair may resume its drop

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 pair may resume its drop

Vasiliy Lukin
FreshForex Analyst
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