Bearish scenario continues to dominate | 15 January 2016
15 January 2016, USD/JPY
We assume that the considered pair continues to develop the wave iii of downward momentum, which, as we repeatedly pointed out, is obviously extended.
Currently the decline has stopped, because inside of the mentioned wave iii the fourth corrective wave is obviously being formed.
So, if this assumption is correct, in the near future we can expect resumption of impulse decline of the pair
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.
