Log in

Remain Flat,,

03 October 2016, USD/JPY

Remain Flat,,

Wave Analysis:
During the previous trading day on 30th Sept 2016, usd/jpy retraced to the upper side but is yet to reach the immediate upper trend line. We expect further movement towards this trend line to give us low risk sell opportunities towards $100.23. Any clear breakout above $101.77, may culminate into a possible bullish price rally towards 102.59 or even higher to 103.34. Trade this pair alongside USD/CHF. EUR/JPY, USD/ZAR, and HKD/JPY. These pairs have a strong positive correlation and will have a parallel price action during this intraday.

Trade Recommendations:

Wait for retracements to the immediate trend line to sell this pair with an ideal target at $100.23. Buy positions are only recommended above $101.77 with an ideal target $103.34

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.