USDJPY Elliot Waves Analysis For 7 January 2016 | 07 tháng Giêng 2016
07 tháng Giêng 2016, USD/JPY
Wave Analysis:
USD/JPY is currently trading with a bearish bias. During the previous trading day, usd/jpy tradad short and ended up finding a support at 117.64. Any clear break below 117.64 will call for further short positions with an ultimate target at a monthly support 116.099. This pair should be traded along side other pairs such as GBP/JPY, EUR/JPY, CHF/JPY, AUD/JPY, and AUD/CAD. These pairs have a strong positive correlation of up to +0.90 and are thus expected to have a similar chart patterns. Only buy or sell usd/jpy if all the other positively correlated pairs are giving the same signal.
Trade Recommendation:
Wait for a clear break below 117.64, then go short with targets along 116.099. Otherwise, look for long positions with a target at 118.39
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .