The price has reached a critical level | 13 June 2016
13 June 2016, USD/JPY
The pair has neared the critical level. Thus is has probably completed development of the wave ii of the emerging upward impulse.
However, the risk of breakdown and change of our wave frame is extremely high, so I would not recommended buying. It is better to wait until the pair starts to grow and enter on update of the local High either through a Buy Stop pending order drafted on the chart by the red horizontal line. Stop loss at the same time can be set at a critical level.
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.
