manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
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:
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 .