manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

USDJPY Elliot Waves Analysis For 4 Dec 2015

04 December 2015, USD/JPY

USDJPY Elliot Waves Analysis For 4 Dec 2015
Wave View:
USD/JPY is currently trading with a bearish bias. The pair traded short but could not reach our target support 121.93, we still expect further downward movements to this support level during today's trading day. Ideally, wave (c) should close below wave (a) along the support 121.93. This pair is strongly positively correlated to USD/CZK, HKD/JPY, and TRY/JPY and are therefore expected to move in the same direction. Only buy or sell if all the other positively correlated pairs are giving the same signal.

Trade Recommendation:

Remain short with target at 121.93.

Graham Osano
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .