Zigzag is still being formed | 17 February 2016
17 February 2016, USD/JPY
This pair has not sprung a surprises as well. It is likely to continue development of correction boosted by the wave ii of [iii] the downward momentum.
The mentioned corrective wave will probably take the form of zigzag. Afterwards, we expect the price movement as roughly indicated on the chart below.
In this situation, you can try to trade inside this zigzag, but it is very risky
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.
