It is time for a small correction | 04 February 2016
04 February 2016, USD/JPY
Expectations of correction were not justified.
Sellers did not shelve the business and attacked their opponents.
As a result, a strong impulse decline took place which is linked to development of the wave i of [iii].
Thus, in the near future, we expect a corrective pullback, although the wave [ii] can take a more complex shape than single zigzag
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.
