USDJPY Elliot Waves Analysis For 7 July 2016 | 07 7月 2016

07 7月 2016, USD/JPY

USDJPY Elliot Waves Analysis For 7 July 2016

Wave Analysis:

USD/JPY is currently trading with a bearish bias. Yesterday, the pair traded short as previously forecasted and is still pretty much bearish bias. During this intraday, we expect a possible bearish price movements towards 99.00. In the meantime, we sit on the sidelines and wait for a clear breakout below the supportive trend line to give us the green-light to continue short. This pair should be traded alongside GBP/JPY, EUR/USD, EUR/JPY and AUD/JPY. These pairs have a strong positive correlation of up to +0.85 and will have a similar price action during this intraday.

Trade Recommendations:

If you are not short already, wait for a clear breakout below the supportive trend line then go short with your ideal target at 99.00.

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