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Sell from 111.94 with an ideal target at 100.54

Sell from 111.94 with an ideal target at 100.54 | 25 April 2017

25 April 2017, USD/JPY

Sell from 111.94 with an ideal target at 100.54

Wave Analysis:

The corrective wave (b) continues to rally to the upper side but is yet to reach our target sell place, 111.945. Unless there's a clear sell signal before reaching 111.69, we are reluctant to short this pair, Instead, we choose stand aside temporarily and only go short upon a clear rejection from 111.94, a rejection from 111.94 will mean we're continuation short with the impulsive wave (c) towards 100.54 or even lower. Expect a similar wave count in CADJPY, NZDJPY, and AUDJPY. These pairs will have a similar wave count during this pairs will have a similar price action during this intraday,

Trade Recommendations:

Sell from 111.94 with an ideal target at 100.54

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Bob Stan
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