LiteForex - Analytics


754.75 8.25/10
77% of positive reviews

USD/JPY: wave analysis on 05.08.2015

An upward trend is strong. 

Assumingly, a local correction in the form of wave (ii) that reached the correctional level 38% is finished. Locally, most likely the third wave (iii) is forming, within which the first and the second waves have formed. If the assumption is correct and the price does not break down a critical level of 123.50, the pair continues growing towards 126.50, 127.00. Otherwise, the correction continues towards 50% or 62%. 


To leave a comment you must or Join us

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree