The pair still may grow.

Assumingly, the third wave (iii) continues forming, within which the first wave has formed and a local correction as wave ii of (iii) is forming. If the assumption is correct and the price does not break though the critical level of 123.00, the pair will continue growing to 127.50 when the correction finishes. If the critical level is broken down, the pair will further fall to 122.00-120.00.

Trading tips

Buy the couple from corrections, above 123.00, with the target at 127.00-127.50.

Alternative scenario

The breakdown and consolidation below 123.00 will allow the pair to continue falling to 122.00.

USD/JPY: wave analysis

USD/JPY: wave analysis




Materials published on this page are provided by LiteForex for informational purposes only and should not be construed as investment advice or advice for the purposes of 2004/39/EC Directive. In addition, these materials have not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the further distribution of investment research.



Follow us in social networks!
Live Chat
Leave feedback