Impulse decline will continue | 06 January 2016
06 January 2016, USD/JPY
This pair continues development of the descending impulse, in which at the moment the wave iii is apparently being formed.
This wave still looks far from being completed, so in the future there will be a good potential for a further impulse decline of the price.
So, if this assumption is correct, in the future we expect continuation of the downward impulse wave iii.
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.
