manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

USDJPY Elliot Waves Analysis For 24 June 2016

24 June 2016, USD/JPY

USDJPY Elliot Waves Analysis For 24 June 2016

Wave Analysis

USD/JPY is currently trading with a strong bearish bias. Following the Brexit, most currencies moved unanimously to the lower side including the US dollar Yen. We expect a possible bearish momentum towards 99.02. Thus, during this intraday, we will only be keen to look for signals that give bearish confirmations. This pair should be traded alongside EUR/JPY, GBP/JPY and USD/CHF. These pairs have a strong positive correlation of up to +0.93 and will have a similar price action during this intraday.

Trade Recommendations:

Expect a possible downward momentum towards 99.01.

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

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.