On the sidelines | 16 1月 2018

16 1月 2018, USD/JPY

On the sidelines

Wave Analysis:

Though a lower time frame, according to the 30 minutes chart above, we're looking for a possible sell position. Earlier today, after a slight extension of the impulsive wave (3) to the lower side, we're seen the unfolding of the corrective wave (4) to the upper side. In the nest few hours we expect a possible extension of this correction but should not go beyond 111.00 where we'll be looking to sell the impulsive wave (5) towards 108.55. This pair has a strong positive correlation of up to +63% and will the following pairs CADJPY, CHFJPY and NZDJPY, these pairs will move in the same direction. Only buy or sell the us dollar if the other pairs are giving the same signal.

Trade Recommendations:

wait and sell the US dollar around 111.00 towards 108.55

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