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Looking for low risk sell opportunities.

Looking for low risk sell opportunities. | 19 May 2017

19 May 2017, USD/JPY

Looking for low risk sell opportunities.
Wave Analysis:
During the previous trading day, rose to the upper side despite our expectation. We expect this upward to be a mere pullback and should not break above 111.94 from where we'll be looking for low risk sell opportunities. ideally, the current upward rally is a correction of the impulsive wave (c) and should not go beyond 111.94 where we'll continue short with the last motive wave (c). Expect a similar wave count in CADJPY, NZDJPY, EURJPY, and CHFJPY. These pairs will have a similar wave count during this intraday.
Trade Recommendations:

Expect a possible rebound from 111.94 to sell this pair towards 100.2

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Bob Stan
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