Wave analysis – Correctional growth

USDJPY – Down

The first wave of the assumed downward momentum is obviously over.

This explains a sharp growth, which probably has a corrective nature and took the form of a zigzag.

At the moment, said correction looks almost completely finished so soon we can expect resumption of drop of the pair within the frames of development of the descending impulse.

You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

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