Expect a plunge towards 107.25 | 29 11月 2017

29 11月 2017, USD/JPY

Expect a plunge towards 107.25

Wave Analysis:

For the past few day's we've seen an extension of the impulsive wave (E) to the lower side and is still pretty much bearish. During this intraday, we still expect a possible extension of the impulsive wave (E) to the lower side but should not go beyond 107.25. If this target is broken, then further drop is expected. With that in mind, as long as the price remains below 111.92, we only interested in short position with the first target at 109.20 and the next target at 107.25. There is a similar wave count in CADJPY, CHFJPY, NZDJPY, and AUDJPY. These pairs have a strong positive correlation of up to +72% and will move in the same direction during this intraday. Only buy or sell usdjpy if the other pairs are giving the same signal.

Trade Recommendations:

Expect a plunge towards 107.25

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