On the sidelines | 09 Enero 2018

09 Enero 2018, USD/JPY

On the sidelines

Wave Analysis:

Since November last year, the US dollar has been rallying within a wedge formation and is still pretty much within this wedge. As long as the price remains within this wedge, we choose to remain on the sidelines, our expectations is that the price should break - out of this wedge, thus, we'll remain on the sidelines and only buy or sell depending on the direction of the breakout. If the lower supportive trend line is broken, then we expect a possible bearish momentum towards 110.85 and may break towards 108.00. This pair should be traded alongside CADJPY, AUDJPY, NZDJPY and CHFJPY. These pairs have a strong positive correlation and will move in the same direction today.

Trade Recommendations:

On the sidelines

FreshForex cancels commissions!

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus