Remain long but not for long | 21 12月 2017

21 12月 2017, USD/JPY

Wave Analysis:

The US Dollar is slowly approaching the resistance trend line. This is a key resistance line and while it contains price below it, a rebound from this trend line is highly anticipated. If this trend line is broken, then we expect a possible bullish price movements towards 118.80 or even higher. At the moment, we expect a rebound from it, to short this pair with our target a long the lower trend line. The anticipated bearish price rally is barely the continuation of the impulsive wave (c) to the lower side and should not go beyond 108.00. This pair should be traded alongside CADJPY, CHFJPY, AUDJPY and GBPJPY. These pairs have a strong positive correlation and will move in the same direction today.

Trade Recommendations:

Expect a rebound from the upper trendline to short this pair towards 108.00. A break above, will call for a long position towards 118.80

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