USDJPY Elliot Waves Analysis For 5 July 2016 | 05 Julio 2016

05 Julio 2016, USD/JPY

USDJPY Elliot Waves Analysis For 5 July 2016
Wave Analysis:
USDJPY is currently trading with a bearish bias. Yesterday, the pair retraced to the lowerside and is still pretty much bearish. During this intraday, we still expect further downward movements towards 101.55 or even a breakout below it. This pair should be traded alongside EUR/JPY, GBP/JPY, HKD/JPY and AUD/JPY. These pairs have a strong positive correlation of up top +0.93 and will have a similar price action during this intraday.

Trade Recommendation:

If you are not short already, wait and sell below 101.55 with an ideal target at 99.00

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

Escribir

Get bonus