Correctional growth | 08 April 2016
08 April 2016, USD/JPY
This pair performed as we expected.
The pair continued to decline. This drop is likely to have the impulse character.
At this point, perhaps, the price has completed development of the wave iii of downward momentum.
The supposed wave [v] will take the shape of final diagonal triangle and then will move up under correction.
In the future, I expect a continued correction, which form will be more clear over time
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.
