We're short | 30 Mei 2017

Wave Analysis

Perfectly as previously forecasted, the bullish correction that began few days ago could not ascend above 111.99, instead the price rebounded from this level and is currently heading to the lower side. We expect the level 111.99 to have marked the end of this correction that the current downward rally is the continuation of the impulsive wave (c) and should not go beyond 104.00. A break below this line will push the price further to the lower side. Expect a similar wave count in CADJPY. NZDJPY and CHFJPY. These pair will have a similar price action during this intraday.

Trade Recommendations:

Expect a possible bearish price movements towards 104.00