USD/JPY: overview for 15.06.2015

June 15, 2015

The pair is expected to decline.

A bullish impetus within a fifth wave has finished forming. Apparently, locally has formed a counter-trend impetus as the first wave of junior level (i) and a bullish correction of junior level is developing within the second wave. If this assumption is correct and the price does not break the critical level 125.87, it's logical to expect the pair to continue declining to the levels of 120.00–119.00 upon completion of correction.

Trading tips

Sell the pair from corrections below the level of 125.87 with a target at 120.00–119.00.

Alternative scenario

Breakout and consolidation above the level of 125.87 will allow the pair to continue rising to the levels of 126.00–126.50.

Publication source
LiteForex information  LiteForex reviews

February 23, 2017
FOMC meeting minutes signal rate hike fairly soon – dollar unimpressed
The minutes from the most recent FOMC meeting three weeks ago – the first such meeting since Donald Trump’s presidential inauguration – were released on Wednesday afternoon...
February 23, 2017
Political instability hits the Euro
The Euro plummeted to a 6-week low in today’s trading session before slightly recovering as predictions of political instability swept through the European Union on the back of upcoming elections due out in the upcoming months...
February 23, 2017
Gold prices remained under pressure
The precious metal traded mostly sideways on Wednesday. Tuesday’s recovery helped gold to reverse all its early losses. Buyers returned the spot to the 1240 hurdle where the pair XAU/USD stood still the first part of the day...

XM Rating
OANDA Rating
OctaFX Rating
Fort Financial Services Rating
FX Giants Rating
Vantage FX Rating

IQ Option Rating
365BinaryOption Rating
OptionRally Rating
OptionTrade Rating
Binary.com Rating
OptionFair Rating