Wait | 17 January 2018

17 January 2018, USD/JPY

Wait

Technical Observation:

On the 30 minutes chart attached, we're looking at a possible sell opportunity around 111.09. As long as the just stated level protects the upper side, we expect a possible rebound from it to pick a sell position. Ideally, we expect this level to mark the end of the corrective wave (4) and should be the beginning of the impulsive wave (5). If you're not short already, you could wait for this rebound the pick a short position with your target at 110.00. This pair should be traded alongside CADJPY, CHFJPY, NZDJPY, HKDJPY and AUDJPY. These pairs have a strong positive correlation and may move in the same direction today. Whne you'll be looking to sell usdjpy, also look for a sell in all of these.

Trade Recommendations:

Sell the us Dollar upon a rebound from 111.09

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