17 Juli 2015, USD/JPY
A strong ascending movement has stopped but the price has closely approached a critical level. Breakthrough of this level will cancel the plan implying the wedge and considered by us earlier.
But so far we assume that the wave 4 has completed its formation and in the nearest time we shall expect a decline within the frames of development of the wave 5.
Expecting this wave, we had opened Sell trade which is about to approach Stop Loss.