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Bulls have taken an attack

Bulls have taken an attack | 08 August 2016

08 August 2016, USD/JPY

We can deem correction in the form of a double Zigzag as finished. By the end of the final day of the last trading week, bulls intensified their actiobs, which allowed them to raise the value of the dollar against the yen dramatically. This probably was only the beginning of an emerging upward impulse.

If this assumption be true, in the near future we can expect a rapid impulse growth of the pair.

Vasiliy Lukin
FreshForex Analyst
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