A deeper drop | 07 April 2016

07 April 2016, USD/JPY

The pair started to justify the hopes I laid on it and continued to decline under the downward momentum.

The price has updated the Low and now, probably, we witness development of the wave iii of [v] of the descending impulse.

Now the momentum does not look finished, so I expect that the price will continue to move in this direction.

My opened Sell trade has already turned into the black and now I can safely observe intricacies of the pair. < p> In the future, I may openanother Sell trade, as the potential of the movement seems to be very good.

Vasiliy Lukin
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Login
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 .