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7pasos
Jul 12, 2013 5:56 AM

So good so far USDJPY decline 

U.S. Dollar/Japanese YenFXCM

Description

Continuing with the analysis published some days before with the decline prediction based in the end of an expanded flat, we review today the decline, as you can see we can find multiple evidence of a impulsive start to the down side.

At this point we should embrace the idea of a pullback, and if deeper will be better ( deep retracements occur more often in impulse's wave 2 than in zigzag's wave 2).

So if gets a new low this decline and then a deep retracement will be further evidence to confirm our previous analysis.
Comments
fxtmess
Where Go ?
7pasos
If breaks below 99.63 to new lows below 99 I think
LEONES
Still moving sideways
7pasos
good luck!
7pasos
This was the previous analysis refered in this one tradingview.com/v/fwiFI2ZL/
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