Expect a possible bullish rebound around 115.38 | 10 Enero 2017

10 Enero 2017, USD/JPY

Expect a possible bullish rebound around 115.38

Wave Analysis:

Yesterday, our stop got taken out when the pair went below 116.46. The US Dollar then continued short, and is currently around a key demand level 115.38. We expect a possible rebound around this level to lead to an impulsive wave count to the upper side, otherwise, a break below 115.07 may invalidate a possible rebound around this level and could culminate into a bearish wave count towards 114.47 but should not go beyond 113.40. As long as CADJPY, NZDJPY, HKDJPY and AUDJPY remains bearish, we're short in USDJPY. These pairs have a strong positive correlation of up to +89% and will have a similar price action during this intraday. Only buy or sell USDJPY if the other positively correlated pairs are giving the same signal

Trade Recommendations:

Wait for a possible rebound around 115.3 to go long with your stop below 115.07. Sell positions are recommended upon a clear breakout below 115.00.

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.