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We are expecting exit from triangle into the fifth decreasing wave

We are expecting exit from triangle into the fifth decreasing wave | 17 March 2016

17 March 2016, USD/JPY

JPY hasn’t missed the possibility and made positions more stronger.

It wasn’t so effective as EUR or GBP had and pair began to decreasing and stayed into the triangle.

It is possible that this will happen during this trading day and the price is continuing decrease according to the wave script.

It will happen because of forming [v] wave of decreasing impulse.

So we are waiting for future price actions. Opened deals are staying opened.

We are expecting exit from triangle into the fifth decreasing wave

Vasiliy Lukin
FreshForex Analyst
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