manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

Expect a possible rebound from 111.92

19 June 2017, USD/JPY

Expect a possible rebound from 111.92

Wave Analysis:

Despite our previous forecast, the US Dollar continues to rise to the upper side but is still below our sell level 111.92. We expect a possible rise towards this level to continue short the impulsive wave (c) towards 100.00. Any clear breakout above 111.92 will push the price further to the upper side but should not go beyond 118.00. Trade this pair alongside CADJPY, AUDJPY, CHFJPY, and GBPJPY. These pairs have a strong positive correlation of up to +71% and will move in the same direction during this intraday. Only buy or sell USDJPY if the other positively correlated pairs are giving the same signal.
Trade Recommendations:
Expect a possible rebound from 111.92 to sell this pair with an ideal target at 100.

FreshForex cancels commissions!

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 .