A small adjustment | 15 December 2015
15 December 2015, USD/JPY
Apparently, this pair has completed development of the wave iii of the emerging downward momentum.
It should be noted that this wave had an extended shape and the chart perfectly shows an impulse inside this wave.
This proves that intentions of sellers are serious.
However, in the near future we probably expect a correction due to formation of the wave iv, therefore, selling now is not necessary, it is better to wait for a more favorable moment for sale and a better price.
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.
