Short positions are still relevant | 14 January 2016
14 January 2016, USD/JPY
The considered pair apparently continued development of the descending impulse. Our scenario has not been implemented yet.
Currently, we assume that the fifth wave in the wave iii is being formed.
If this assumption is correct, in the future we can expect continuation of decline of the pair within the framework of this scenario.
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.
