Bears looking to restest 112.55 | 14 2月 2017

14 2月 2017, USD/JPY

Bears looking to restest 112.55

Wave Analysis:

Instead of going long as previous forecasted, the US Dollar traded on the lower ranges and ended up below a key short term support level 113.71. As long as the pair remains below this support level, we expect further bearish confirmation patterns to push the price to the lower side but should not go beyond 112.55. A clear break below 113.19, and most significantly a break below 113.11 will confirm the continuation of this anticipated bearish price rally. Expect a similar wave count in other positively correlated pairs such as CADJPY, AUDJPY, EURJPY and HKDJPY. These pairs have a strong positive correlation of up to +85% and will have a similar price action during this intraday.

Trade Recommendations:

Expect a break below 113.11 to continue short with an ideal target at 112.55.

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