Looking for low risk sell opportunities. | 19 Mei 2017
19 Mei 2017, USD/JPY
Wave Analysis:
During the previous trading day, rose to the upper side despite our expectation. We expect this upward to be a mere pullback and should not break above 111.94 from where we'll be looking for low risk sell opportunities. ideally, the current upward rally is a correction of the impulsive wave (c) and should not go beyond 111.94 where we'll continue short with the last motive wave (c). Expect a similar wave count in CADJPY, NZDJPY, EURJPY, and CHFJPY. These pairs will have a similar wave count during this intraday. Expect a possible rebound from 111.94 to sell this pair towards 100.2
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.
