Corrections | 02 6月 2017

02 6月 2017, USD/JPY

Wave Analysis:
The US dollar continues to correct to the upper side despite our expectation to continue short. We expect the previous day's bullish price rally to be a mere correction of the impulsive wave (c) and should not go beyond the daily resistance line 111.94 from where we'll be looking to short US dollar towards 104.00. The anticipated bearish price rally is the continuation of the impulsive wave (c) towards 104.00. This view can only be rendered futile in case the pair end up breaking above 111.94, if this is the case, then an acceleration towards 115.04 is anticipated. Expect a similar wave count in CADJPY, CHFJPY and AUDJPY. These pairs have a strong positive correlation of up to +68% and will have a similar price action during this intraday.
Trade Recommendations:

Expect a possible rebound from 111.94 to sell the US Dollar towards 104.00

FreshForex cancels commissions!

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.