Bears on the lead | 15 2月 2018

15 2月 2018, USD/JPY

Bears on the lead

Wave Analysis:

The US Dollar continues to decline after breaking below 108.13 and is still very bearish, both on the 4 hour and the daily charts. Following the close below 108.13, we expect further bearish extension with an ultimate target at 100.90 or even lower. According to the current chart set and structures, bears seems top have taken a full control of this market and therefore, only a short position can be recommended. This pair should be traded alongside CADJPY, HKDJPY, GBPJPY, AUDJPY and NZDJPY. These pairs a strong positive correlation of up to +70% and will move in the same direction today.

Trade Recommendations:

Remain short with an ultimate target at 100.90

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.