Decline will continue | 19 January 2016
19 January 2016, USD/JPY
The US dollar began to bounce, but we assume that it is caused by emerging correction inside the wave iii of the fifth wave being formed, which in its turn is also an impulse but a smaller level.
So in the near future we do not expect growth of the US dollar.
Obviously, in the near future we can expect resumption of drop of the pair within the borders of the considered scenario implying development of 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.
