A continued correction | 04 July 2016
04 July 2016, USD/JPY
I assume that correction in the form of a Double Zigzag has been completed for this pair. The final wave [c] of y is very similar to the final diagonal triangle, which anticipates a strong movement. However, so far this movement is not observed. So we are waiting patiently for the beginning of the movement of the price, and then will join it.
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.
