Antony_NPBFX
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USD/JPY: wave analysis 07.12.2018
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on USD/JPY for a better understanding of the current market situation and more efficient trading.
The pair may fall.
On the 4-hour chart, a local downward correction of the higher level develops as the wave 2 of (C). Now the wave c of 2 is forming, within which the third wave of the lower level (iii) of c is developing. If the assumption is correct, the pair will fall to the level of 111.35. In this scenario, critical stop loss level is 113.83.
Main scenario
Short positions will become relevant during the correction, below the level of 113.83 with the target at 111.35. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 113.83 will let the pair grow to the level of 115.50.
Use more opportunities of the NPBFX analytical portal: E-book.
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on USD/JPY and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on USD/JPY for a better understanding of the current market situation and more efficient trading.
The pair may fall.
On the 4-hour chart, a local downward correction of the higher level develops as the wave 2 of (C). Now the wave c of 2 is forming, within which the third wave of the lower level (iii) of c is developing. If the assumption is correct, the pair will fall to the level of 111.35. In this scenario, critical stop loss level is 113.83.
Main scenario
Short positions will become relevant during the correction, below the level of 113.83 with the target at 111.35. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 113.83 will let the pair grow to the level of 115.50.
Use more opportunities of the NPBFX analytical portal: E-book.
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on USD/JPY and trade efficiently with NPBFX.