Impulse growth can start | 03 August 2016
03 August 2016, USD/JPY
The price thus made a deeper correction than we expected. However, the critical level has not been crossed yet and it gives a chance for resumption of impulse growth, in which the wave will iii of the upward impulse will be formed. Anticipating this movement, I've put a Buy pending order on the local High not to miss a strong upward movement, if it takes place, as well as to avoid damages my speculation regarding growth of the pair is erroneous.
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.
