empty
 
 
21.11.2017 10:07 AM
Wave analysis of the USD/JPY currency pair for November 21, 2017

This image is no longer relevant

Analysis of wave counting:

After beginning yesterday's trading with the upward movement, the USD/JPY pair was able to add more than 70 basis points in price and at the end of the day reached 112.70. It can be assumed that the currency pair made an attempt to complete the formation of the 4th wave, in a, in (C) and mark the start of the future 5th wave, in a, in (C). If this is the case, then the currency pair may have good prospects for continuing the growth of quotes towards the highs of the beginning of the month.

Targets for a downward wave option:

111.96 - 88.6% by Fibonacci

Targets for an upward wave option:

115.00 - 117.00

General conclusions and trading recommendations:

The trading instrument continues to build the uptrend section of the trend. Now the construction of the wave (C) is continuing, its internal wave c, at 4, in a, in (C) has supposedly completed its construction near the estimated level of 111.96, which corresponds to 88.6% of the Fibonacci. Thus, now is expected to resume the increase in quotations within the wave 5 in a, in (C) with targets located above 115 figures.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback