Bears dominating ahead of the UK Elections | 07 Juni 2017
07 Juni 2017, USD/JPY
Wave Analysis:
Perfectly as previously forecasted, the US Dollar has plunged down almost 250 pips and is still showing signs of falling even further. Although this downward rally is highly anticipated, we're waiting for minor corrections of the impulsive wave (c) to the upper side to seek for further short positions towards our previous target at 100.4. Expect a similar wave count in CADJPY, AUDJPY, NZDJPY and CHFJPY. These pairs have a strong positive correlation of up to +70% and will move in the same direction during this intraday.Expect possible bearish price rally towards 100.4
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.
