Comece
a negociar

Principal >
Analytics
>
Fresh forecast
>
Ondas de Elliott para análise da correlação de Forex
>
USDJPY in a corrective mode

USDJPY in a corrective mode | 18 Janeiro 2017

18 Janeiro 2017, USD/JPY

USDJPY in a corrective mode

Wave Analysis:

As anticipated, the US Dollar traded massively short after breaking below 114.01 but is currently pulling back to the upper side. We expect the current upward rally to be a mere correction and should not go beyond 114.01 from where we'll be looking for low risk sell opportunities. Thus, instead of going long, we choose to sit on the sidelines and only go short upon a clear rebound from 114.01. A break above 114.01 may invalidate the anticipated bearish price rally and could push the price further to the upper side towards 118. Expect a similar price action in CADJPY, and NZDJPY. These pairs will have a similar price action during this intraday.

Trade Recommendations:

If you're not long already, wait for the current correction to end around 114 then go short with an ideal target at 110.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Entrar

Mostrar senha

Ocultar senha

 Esqueceu a senha?
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.

Nossos melhores prêmios:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.