we're still short | 12 اكتوبر 2018
12 اكتوبر 2018, USD/JPY
Wave Analysis
After a failed attempt to break above the weekly resistance level 114.00, the US Dollar has been in a constant downtrend and is still pretty much bearish both on the daily and the weekly charts. As we mentioned few days ago, as long as the price is below 114.00, we expect nothing but a possible momentum to the lowerside with an ultimate target at 110.00. As it is on the chart above, only sell positions looks more ideal, but in case of a break above 114.00, then this will be good place to look for a long position.
Trade Recommendations:
we're still short
101% Double the volume
!Attention!
All bonus participates in drawdown!
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
