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Upward correction

Upward correction | 14 April 2016

14 April 2016, USD/JPY

Dollar gradually began to recover.

This is clearly seen in comparison with other major currencies. Euro and Pound began to weaken sharply after a relatively long-term growth.

In this pair, the US currency became more activate and took initiative in its hands.

The emerging picture indicates that this growth is caused by the correctional wave iv, so it will be short.

I would not recommend trading here, since it is not clear how the expected correction will behave.

Upward correction

Vasiliy Lukin
FreshForex Analyst
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