Wait | 07 Enero 2019
07 Enero 2019, USD/JPY
Wave Analysis
The US Dollar is currently trading with an increasing bearish bias momentum. As long as the price remains below the Envelopes trend indicator, and also the Bars of MACD below 0.00, we expect nothing but a possible steep decline towards 106.55. The idea here is to wait for a possible correction towards 109.55, or a bounce from the upper envelopes to pick a short term short position towards 106.55. The anticipated bearish price rally is the continuation of the impulsive wave (v) and should first break below last week's lowest low, before a move further to 100.00 is seen.
Trade Recommendations:
Wait
Be the first to get $5 for participation in the webinar 8.30 GMT!
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.
