Look for short positions now | 16 April 2018

16 April 2018, USD/JPY

Look for short positions now

Wave Analysis

During the previous trading week, the US dollar continues to gain value despite the previous forecast that it could decline in the value. The Friday's candle was a perfect bearish pin bar candle and could indicates a possible sellers come into this market. Thus, we expect the level 107.792 to have marked the end of the corrective wave (iv) that any clear move to the lowerside will be the continuation of both the impulsive waves (v) and (c) to the lowerside and should extend beyond the 101.008 towards the 98.490 handle.

Trade Recommendations:

Look for short positions now towards 101.008

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus