Corrections | 20 July 2018

20 July 2018, USD/JPY

Corrections

Wave Analysis

During the previous trading day, the US Dollar corrected itself to the lowerside and may extend further to the lowerside. We expect this downward rally to be a corrective wave count but should not go beyond the daily short term support level 111.040. If you went long previously upon a break above 111.040, leave this position open, if not, then wait for this correction to rally even lower towards 111.040 to pick a long position. With this long position, you take profit should be fixed at 118.42.

Trade Recommendations:

Correction

Do you know against which currencies JPY is the most profitable?

Corrections

More trading assets here...

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .