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Bounce prior to a further drop

Bounce prior to a further drop | 13 January 2016

13 January 2016, USD/JPY

No significant changes.

We assume that the wave iii is being formed, which, as we noted, was apparently extended, which explains its slow pace.

In the near future we expect a small corrective upward rebound of the price followed by drop, during which the wave iii will take its final form.

Bounce prior to a further drop

No significant changes.

We assume that the wave iii is being formed, which, as we noted, was apparently extended, which explains its slow pace.

In the near future we expect a small corrective upward rebound of the price followed by drop, during which the wave iii will take its final form.

Vasiliy Lukin
FreshForex Analyst
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