Third impulse wave is still evolving | 29 December 2015
29 December 2015, USD/JPY
The Yan slowly but firmly shows that the US dollar needs to relax.
We assume that the price is slowly sliding down under the emerging wave iii of the downward momentum.
For a beter confidence, it lacks impulse acceleration.
It is likely that it will happen soon, although we also can not exclude the possibility of postponing all the important tasks for the new year.
Thus, we have a little desire to trade, it is better to open short positions
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.
