07 Mei 2018, USD/JPY
Wave Analysis
Earlier this year, the Us Dollar went below the weekly support level 108.674 with a big red candle, rallied below it for sometimes and has now gone back above it. Despite the fact that the previous week's candle was a perfect bearish pin, as long as the price remains above 108.674, we expect a possible rally to the upper side, we expect a slight move to the lower side, before a main move to the upper side is seen, ideally, last week's candle could be a fake out candle. If you're abit skeptic to look for long position, you could look for short term short positions but with a target at 108.674.
Trade Recommendations:
Look for long positions above 108.674 towards 114.087
en 
cn 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 