We expect a corrective bounce | 03 February 2016

03 February 2016, USD/JPY

The pair has renewed decline that we expected and we assume that thus it began to form thewave [iii] of the downward momentum.

However, I think that the price will make a corrective upward bounce in the framework of the internal correction in the wave [iii ] in the near future.

So, to open short positions, we should wait for a more favorable price.

Thus, in the near future we expect a corrective pullback pair followed by a resumed impulse decline of the pair.

We expect a corrective bounce

Vasiliy Lukin
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .