Remain short | 02 مارس 2018

Wave Analysis:

The impulsive wave (5) continues to extend to the lower side, perfectly in line with the previous day's forecast. Today, and the next few days, we expect a possible extension of this bearish wave to the lower side and may break below our first target set at 105.05 towards 100.00. According to the current chart set and structure and set up, this pair is pretty much bearish an chances of moving even lower are very high, thus, we're only interested in short position towards 100.00. This pair should be traded alongside CADJPY, NZDJPY, CHFJPY and AUDJPY. These pairs will have a similar price action today.

Trade Recommendations:

Remain short with your target still at 100.00