Waiting for fresh sell orders around 111.78 | 30 3月 2017

30 3月 2017, USD/JPY

Wave Analysis:
As expected, the corrective wave (ii) continues to rally on the higher ranges but should not go beyond 111.78 from where we'll be looking to go short at low risk. The anticipated bearish price rally from 111.78 is the unfolding of the impulsive wave (iii) and should not go beyond 108.94. A break below this level,108.94, will push the price further to the lower side but should not go beyond 102.96. This view is supported by the fact that, CADJPY, shown below, is having a similar pullback and should not go beyond 83.49, thus, when we'll be looking to sell USDJPY around 111.78 we'll be looking to sell CADJPY around 83.48.

CADJPY Daily Chart

These pairs have a strong positive correlation of up to +85% and will move in the same direction during this intraday.

Trade Recommendations:
If you're not short already, wait for a clear rebound 111.78 to go short with an ideal target at 108.94

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.