Wait and sell this pair around 112.003 | 16 June 2017

16 June 2017, USD/JPY

Wait and sell this pair around  112.003

Wave Analysis:

Despite our expectations to continue short, usdjpy continues to rally upwards and could extend even higher during this intraday. The upward rally that began yesterday is a mere corrective wave move and should not go beyond 112.003 from where we sold this pair during the previous day. At the moment, we won't recommend any sell positions but if the price can rise up to 112.003, then this will be the best place to sell this pair. Expect a similar price action in CADJPY, CHFJPY, AUDJPY and HKDJPY. These pairs have a strong positive correlation of up to +72% and will move in the same direction during this intaday.

Trade Recommendation:

Wait and sell this pair around 112.003 with a target at 108.426

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