empty
 
 
10.01.2018 09:54 AM
Wave analysis of the USD / JPY currency pair for January 10, 2018

This image is no longer relevant

Analysis of wave counting:

Starting yesterday's trading with a downward movement, the pair USD / JPY lost about 80 pp and fell to the level of 112.35 in the afternoon. Thus, it seems that the internal wave structure of wave c, b, (C) still took the form of an extended horizontal correction in time. If this is the case, then the still not quite completed wave e, c, b, (C), assumes the likelihood that an attempt to approach the 112.00 support level may lead to a price reversal in favor of the dollar and the beginning of the formation of a future wave c, (C).

Targets for the downward wave option:

111.89 - 38.2% of Fibonacci

111.02 - 50.0% of Fibonacci

Targets for the upward wave option:

113.59 - 161.8% of Fibonacci

113.88 - 11.4% of Fibonacci

General conclusions and trading recommendations:

The tool continues to build an upward trend segment. The increase in quotations may resume with targets near the mark of 113.59 and 113.88, which corresponds to 161.8% and 11.4% of Fibonacci, within the wave c, (C). This wave can take a very long form. At the same time, now the decline in quotations within the complex wave b, (C) can continue with the targets located near the level of 111.89, which corresponds to 38.2% of Fibonacci.

Chin Zhao,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback