We're short | 14 November 2017

14 November 2017, USD/JPY

We're short

Wave Analysis:

Since the previous week's Monday's forecast, the impulsive wave (E) is yet to pick a momentum to the lower side, rather, the price is still consolidating around the upper resistance trend line. We are waiting for a second pullback towards this trend line to pick a short position with an ideal target along the lower trend line. If the price can break above this trend line, then further rise towards 123.00 is expected. This pair will have a similar price action to CADJPY, NZDUSD and CADJPY. These pairs have a strong positive correlation and will move in the same direction.

Trade Recommendations:

We're short with our target at 107.85

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus