flat but waiting for a possible sell | 23 10月 2017

23 10月 2017, USD/JPY

flat but waiting for a possible sell

Wave Analysis

In the previous week, the Impulsive wave (D) extended upwards towards the upper trend line of the equidistant channel. This upwards move is expected to be temporary and we expect a rejection from this upper trend line for the impulsive wave (E) to extend further downwards towards our target at 107.14.However, if the impulsive wave (D) extends beyond 113.96, this downward move may be invalidated and price could rally upwards instead. Trade this pair alongside CADJPY, CHFJPY and AUDJPY since they have a strong positive correlation

Trade Recommendations

Expect a possible rejection from the upper trend line to short this pair towards 107.14.

FreshForex cancels commissions!

Bob Stan
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus