US Dollar in a corrective mode | 18 4月 2017

18 4月 2017, USD/JPY

US Dollar in  a corrective mode

Wave Analysis:

Yesterday, US Dollar opened at 108.76, went as low as 108.12 but ended up closing at 108.90, just a few pips above its opening price. We expect the bullish price rally that began yesterday to be the unfolding of the corrective wave (iv) and should not go beyond the end of the first impulsive wave (i). Ideally, any clear sell signal from now onwards will mean we're shorting the impulsive wave (v) towards 100.58. That said, if the price can retrace towards 111.04 (in a worst case scenario) then this(111.04) will be the best place to pick long term low risk sell opportunties. This pair should be traded alongside CADJPY, NZDJPY, and EURJPY. These pairs will have a similar price action during this intraday.

Trade Recommendations:

Remain short

FreshForex cancels commissions!

Save

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