empty
 
 
22.09.2017 09:35 AM
Wave analysis of the USD / JPY currency pair for September 22, 2017

This image is no longer relevant

Analysis of wave counting:

After a significant price increase yesterday, the USD / JPY pair consolidated and spent the whole day in the range within 112.70-112.10. After September 8, it is possible for the currency pair to maintain in the stage of first wave formation in the future wave (C). At the same time, the probability of a significant complication of the internal wave structure of the wave c, in C, in E, in (B) and the resumption of the decline in quotations to the level of the 107th figure still remains relevant.

Targets for a downward wave option:

107.00 - 106.00

Goals for the option with an upward wave:

113.00 - 114.00

General conclusions and trading recommendations:

The tool complicates its wave structure which now requires the introduction of additions and adjustments at any time. Presumably, the assumed wave C, in E, in (B), presumably, completed its construction. If this is the case, there will be a formation of first waves in the structure of the future (C) with goals between 113 and 114 continues.
Chin Zhao,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback