Expect further bearish rally towards 108.573. | 14 June 2018

14 June 2018, USD/JPY

Expect further bearish rally towards 108.573.

Wave Analysis

The previous day's candle was a perfect bearish pin bar candle. Definitely, we expect a rally to the lowerside, however, instead of a short position, we expect this downward rally to be a mere correction of the larger impulsive wave (c) and should not go beyond the daily support level 108.573, where we'll be looking to rebuy the impulsive wave (c) with the first target at 111.560, and the next at 114.479. This view can only be invalidated in case the price breaks below 108.573, this being the case, we'll expect a rally to the lowerside.

Trade Recommendations:

Expect further bearish rally towards 108.573.

101% Double the volume

!Attention!
All bonus participates in drawdown!
More detailed

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