USD/JPY Elliot Waves Analysis For 12 February 2016 | 12 2月 2016

12 2月 2016, USD/JPY

USD/JPY Elliot Waves Analysis For 12 February 2016
Wave Analysis:
USD/JPY is currently trading with a slight bearish bias. During the previous trading day, usd/jpy traded perfectly short and ended up finding at 111.33. The pair is currently making a corrective upward movement towards 113.19, a close above 113.19 would mean we are headed further long towards 114. Thus, we will look to sell from either 113.19 or 114.1 depending on how much bearish the price turns from these levels. This pair should be traded alongside other positively correlated pairs such as USD/CHF, NZD/USD, NZD/JPY, and NZD/CHF. These pairs have a strong positive correlation of up to +0.97 and are thus expected to have a similar price pattern. Only buy or sell usd/jpy if all the other positively correlated pairs are giving the same signal.
Trade Recommendations:

Remain long in the meantime, but look for possible sell positions from either 113.19 and 114.1. A close above 114.35 would mean we are headed further long with an ultimate target at 116.46

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