USDJPY still to gain more grounds | 30 Agosto 2016

30 Agosto 2016, USD/JPY

Wave Analysis:

Yesterday, the pair corrected itself to the lowerside as previously forecasted but is currently bullish on the 4hour chart. We expect the current upward rally to be the unfolding of wave 3 towards 103.27 or even higher. This view is highly anticipated since the other positively correlated pairs are pretty much bullish. According to the CAD/JPY below, We expect both pairs trade on the higher ranges during this intraday. These two pairs should be traded alongside NZD/JPY. These three pairs have a strong positive correlation of up to +0.93 and will have a similar price action during this intraday.

Trade Recommendations:

Go long in usd/jpy and cad/jpy with your ideal targets at 103.27 and 79.21 respectively.

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.