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An ascending impulse will develop

An ascending impulse will develop | 20 April 2016

20 April 2016, USD/JPY

The pair sticks to our wave scenario.

We assume that development of the descending impulse is over and currently observed growth of the pair is the start of a new wave frame.

So far, growth of the pair is seen as a rising impulse, which now completes formation of the first wave.

If this assumption is correct, in the future, after a brief and minor corrective decline, we expect a rapid impulse growth. < / p>

We can try to buy now by putting stop loss better on the Low

Vasiliy Lukin
FreshForex Analyst
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