Chances for rising impulse | 15 August 2016
15 August 2016, USD/JPY
Dollar still can not find the approach to the Japanese currency, which successfully fights buyers' attacks. But sellers do not go further and are limited to only defensive actions. Expectations of growth are maintained. Perhaps the last price fluctuations are the waves 1 and 2 of the emerging upward impulse in the wave iii.
If this assumption is correct, in the near future we expect rapid impulse growth of the pair caused by formation of the wave 3 of iii.
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.
