Third wave of descending impulse | 12 April 2016
12 April 2016, USD/JPY
No significant changes here.
The pair continues its downward momentum decline caused by the wave iii of [v].
Thus, further drop is expected to resume wave pairs due to the development of [v] wave , but before that, a correction must be prolonged, which can begin soon.
So, before opening of short positions, we are better to wait for completion of this correction
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.
