USDJPY Technical Analysis For 11th November 2015 | 11 11月 2015

11 11月 2015, USD/JPY

USDJPY Technical Analysis For 11th November 2015
Technical View:
USD/JPY is currently trading with a bearish bias. The pair traded short as previously forecasted but could not close along the support 122.36 to mark the end of wave (4). thus, we still expect further downward movements towards this level before we begin wave (5). We still anticipate similar movements in HKD/JPY and CAD/JPY, these pairs have had a strong positive correlation of upto +0.96, and are thus expected to move in a similar direction. Thus, only buy or sell USD/JPY if all the other positively correlated pairs are giving the same signal.

Trade Recommendations:

Remain short in this pair but only up to 122.36, or the support trend. We will therefore buy from 122.36, but with stops at 122.022

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