04 May 2017, USD/JPY
wave Analysis:
Unfortunately, our Stop was hit when US Dollar rose above 112.29. The break above 112.18 signifies a break above a significant resistance line and as long as this pair sustains this breakout , we expect minor pullbacks to the just broken line to buy this pair at low risk. Ideally, as long as this pair remains above 112.18 we expect a possible bullish wave count towards 115.04 or even above; however, if this pair can plunge down below 111.955, then an acceleration to the lower side is expected. Expect a similar wave count in CADJPY, NZDJPY and CHFJPY. These pairs will have a similar price action during this intraday.
Trade Recommendations:
As long as the pair remains above 112.186 expect minor pullbacks towards 112.18 to go long with an ideal target at 115.04.
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 