Decline can be caused by the third impulse wave | 22 December 2015
22 December 2015, USD/JPY
We assume that the considered pair has begun to form the third impulse wave.
In the near future drop of the pair may be caused by development of this model, but we should not exclude the fact that the pair begins to be corrected and it turns out that the wave ii has been not formed completely.
However, this chance is minor, so the sale is currently the most attractive option.
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.
