Waiting for the bullish miracle | 25 أغسطس 2016
25 أغسطس 2016, USD/JPY
As long as the price is not able to update the Low, I am in favor in bullish version of the situation, but buying is not desirable, because we do not know long this pair will stay as is. In this situation, the best solution would be to set a Buy pending order around 100.70. On strong movement we will safely enter in the direction of the emerging movement.
Thus, in the near future I expect impulse growth of the pair boosted by the wave [iii] of the wedge.
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.
