USDJPY Elliot Waves Analysis For 21 January 2016 | 21 Enero 2016

21 Enero 2016, USD/JPY

USDJPY Elliot Waves Analysis For 21 January 2016
Wave Analysis:
USD/JPY is currently trading with a bearish bias. During the previous trading day, usd/jpy traded short and found a support at 115.93. We are waiting for a clear close below 117.18 for us to continue short with our target at 115.93, a close below this level will mean we are headed further short to 114.63. This pair should be trade alongside other positively correlated pairs such as AUD/USD, GBP/JPY, EUR/JPY, CHF/JPY and CAD/JPY.. These pairs have a strong positive correlation of up to +0.96 and are thus expected to have a similar price pattern. Only buy or sell usd/jpy if all the other positively correlated pairs are giving the same signal.

Trade Recommendation.

Wait for a clear close below 117.18 then go short with an ultimate target at 114.63.

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.