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    USD/JPY: wave analysis on 15.07.2015

    The pair growth resumed.

    The USD is growing against the Yen again. As the growth resumed, it seems likely that the development of the fifth wave of the senior level within long-term bearish trend continues. At present, a starting impetus in a form of the first wave (i) of the third wave iii of 5 is probably formed. Locally, expect a downward correction towards 50% (122.00), after which the growth continues towards 126.00-127.00. The key level in this scenario is 120.35. 

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