12 Agustus 2016, USD/JPY
The situation on considered pair remains is favorable for the buyers. Sellers did not manage to push the price below a critical level. As a result, the price chose to grow again. It is possible that the observed upward movement is caused by f the ascending impulse wave 3.
Since the price has not gone so far, it is worth trying to buy with a caution with a stop loss set at the local Low.