USDJPY Elliot Waves Analysis For 8 August 2016 | 08 Agustus 2016
08 Agustus 2016, USD/JPY
Wave Analysis:
USDJPY is currently trading with a bullish bias. During the previous trading day on Friday, the pair rebounded from a key daily support level 100.86, headed long and is still pretty much bullish on the daily chart. We still expect a possible bullish price rally for the better parts of this intraday and may breakout above 102.44. This pair should be traded alongside NZD/JPY, GBP/JPY, CAD/JPY and AUD/JPY. These pairs have a strong positive correlation of up to +0.86 and will have a similar price action during this intraday.
Trade Recommendations:
Remain long with an ideal target at 102.44 and the next at 104.37
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.