Decline will continue | 12 January 2016
12 January 2016, USD/JPY
This pair is still developing the wave iii of the downward impulse and it is early to state that this wave is over.
Entrying into sales now is too late, so you should wait for the upward rollback of the price and open short trades at the best prices.
In the near future we expect a slight decline of the pair, whereupon it will be corrected as part of extension in the 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.
