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The situation remains uncertain

The situation remains uncertain | 15 April 2016

15 April 2016, USD/JPY

The US dollar continued its leisurely rise against the Japanese currency.

Probably, it is boosted by the wave iv of [v].

We still can not see the entry points to open positions, because it is not clear whether this kind of leisurely growth will continue or the price will resume its downward movement in the framework of the wave [v] of downward momentum.

That's why I would not recommend trading with this pair.

It is better to wait when the situation gets more or less clear, and then consider options for buy or sell.

Vasiliy Lukin
FreshForex Analyst
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