Bulls expected to take control soon | 13 October 2017

13 October 2017, USD/JPY

Bulls expected to take control soon

Wave Analysis:

Even after the end of the corrective three wave cycle around 112.142 the Us Dollar is still reluctant to continue upwards. Now that the price has gone back to the end of the impulsive wave (c), we're expecting a possible buy around this zone, as long as the price is above it, we're looking for a possible buy signal with a target at 114.00. If the zone is broken, then the price could drop further towards 111. This pair should be traded alongside CADJPY, NZDJPY, AUDJPY, CHFJPY and HKDJPY. These pairs have a strong positive correlation and will move in the same direction today.

Trade Recommendations:

Buy this pair within 112.147-112.063 with your target at 114.00

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus