We're long towards 115.00 | 03 Juli 2017
03 Juli 2017, USD/JPY
Wave Analysis:
During the previous trading day, the Us Dollar bounced off from the support line 111.86, headed long and is still showing signs of a possible momentum to the upper side. During this intraday, as long as 111.86 protects the lower side, we'll long the impulsive wave (c) with our target intact at 115.00. A breakout below 111.86 will push the price to the lower side but should not go beyond 109.38. Expect a similar wave count in CHFJPY, EURJPY, AUDJPY and CADJPY. These pairs have a strong positive correlation of up to +82% and will move in the same direction during this intraday.
Trade Recommendations:
Expect a possible bullish price rally towards 115.00
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.
