Expect further bullish corrections | 03 8月 2017

03 8月 2017, USD/JPY

Expect further bullish corrections

Wave Analysis

Yesterday, we witnessed further correction of the impulsive wave (5) to the upper side. We expect this correction to continue during this intraday but should not go beyond the end of the impulsive wave (3) 110.063. If this level us broken, the the price could extend even higher towards 112.003 where we'll be looking for low risk sell opportunities. This upward correction is highly anticipated since the intraday stochastic is already bounding off from its oversold level of 20 and could rise towards the 50 level. Expect a similar wave count in CHFJPY, CADJPY, NZDJPY and AUDJPY. These pairs have a strong possible correlation of up to +67% and will move in the same direction during this intarday.

Trade Recommendations:

Expect a bullish growth to the upperside with the first target at 110.63 and the next target at 112.003.

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.