US Dollar again below 114.85 | 15 3月 2017

15 3月 2017, USD/JPY

US Dollar again below 114.85

Wave Analysis:

Yesterday, the US Dollar merely tested the previous day's retracement level 114.85 but has currently pulled back below it. This is a key short term pivot level and unless there's a clear breakout above it, we choose to hold onto a bearish bias sentiment on this pair. Ideally, as long as this level protects any invasion to the upper side, we expect a possible rebound from this level to continue short the impulsive wave (c) towards 113.68 or even lower. This pair should be traded alongside USDCHF, NZDJPY and CADJPY. These pairs have a strong positive correlation of up to +89% and will have a similar price action during this intraday.

Trade Recommendations:

Expect a possible rebound from 114.65 to go short with an ideal target at 113.64.

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.