USDJPY Elliot Waves Analysis For 22 August 2016 | 22 8月 2016

22 8月 2016, USD/JPY

USDJPY Elliot Waves Analysis For 22 August 2016

Wave Analysis

USD/JPY is currently trading with a declining bullish bias. Earlier today, the pair gapped into our objective supply zone 100.91-100.73, Unless there is a clear breakout above 100.91, expect a possible rebound from this zone to go short with an ideal target at 99.03. A clear breakout above 100.91 may culminate into a possible bullish price rally towards 102.44 but should not go beyond 104.37. This pair should be traded alongside CAD/JPY, NZD/JPY and AUD/JPY. These pairs have a strong positive correlation of up to +0.92 and will; have a similar price action during this intraday.

Trade Recommendations:

Buy above 100.91 with an ideal target at 1002.44. A clear rebound from 100.73 will call for short positions with an ideal target at 99.03.

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.