Purchases inside the third pulse wave | 12 August 2016
12 August 2016, USD/JPY
The situation on considered pair remains is favorable for the buyers. Sellers did not manage to push the price below a critical level. As a result, the price chose to grow again. It is possible that the observed upward movement is caused by f the ascending impulse wave 3.
Since the price has not gone so far, it is worth trying to buy with a caution with a stop loss set at the local Low.
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.
