Correction is still developing | 04 8月 2015

04 8月 2015, USD/JPY

No significant and minor changes.

There is a feeling that the pair went to sleep, so that to start a sharply impulse movement and make happy those, who opened a right deal, and scare those, who opened a wrong one.

The upward direction of the above-mentioned intended movement is the most likely, cause currently we assume that development of the wave 2 of [5] continues.

Thus, in the near future we expect another short bearish wave, after which the pair as part of the momentum resumes to grow.

The development of the correction continues.

Vasiliy Lukin
FreshForex公司的分析员
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