We went short from 110.94 and still holding | 14 Abril 2017

14 Abril 2017, USD/JPY

We went short from 110.94 and still holding

Wave Analysis:

The impulsive wave (iii) continues to rally to the lowerside and should be extensive in nature. We're waiting for a clear break below 109.03 and then a retracment to the just broken level to give us further low risk sell opportunties. Ideally, we're waiting for a clear indication that the corrective wave (iv) is over so that we short the impulsive wave (v) towards 100.54 or even lower. This view holds true as long as the pair remains below 109.03, if the price can pullback to the upperside, then 111.94 will be the best place to pick low risk sell opportunties. Expect a similar wave count in CADJPY, NZDJPY, EURJPY and SPX500. These items will have a similar price action during this intraday.

Trade Recommendations:

Expect a possible bearish price rally towards 100.54.

FreshForex cancels commissions!

Save

Bob Stan
Agree with the review?
Traders' opinion:
Close
Entrar
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.
manager photo manager photo
Online-support
Ficamos satisfeitos em responder quaisquer perguntas que você possa ter

Escrever

Get bonus