USD/JPY review for June 18, 2015

June 18, 2015

The pair continues to decline.

The formation of the “bullish” correction as the wave (ii) has completed. Locally, it seems that the third wave (iii) is being developed within the “bearish” impetus with the at 120.35. If this assumption is correct, and the price does not break out the critical level of 124.45, the pair is likely to go down to 120.35–119.00.

Trading tips

Sell the pair from correction below the level of 124.45 with the target at 120.00–119.00.

Alternative scenario

Breakout and consolidation  above the level of 124.45 will allow the pair to grow to 126.00–126.50.

Publication source
LiteForex information  LiteForex reviews

October 27, 2016
Sterling falls notwithstanding UK GDP
On Thursday, the British pound sagged against the greenback, notwithstanding data on third quarter growth showing that Britain’s economy shrugged off the immediate shock of the Brexit referendum...
October 27, 2016
Dollar falters but strength remains ahead of jam-packed week
The US dollar has taken a bit of a breather this week as it consolidates its recent gains ahead of major economic data and events in coming days. For around a month, the greenback has been on an exceptionally sharp incline as expectations for a Federal Reserve rate hike this year have progressively increased...
October 27, 2016
Oil slides on OPEC uncertainty
WTI Crude received a pummelling on Tuesday with prices sinking below $49.50 after reports displayed an inflated rise in U.S inventories which revived concerns over the excessive oversupply in the markets...

Tickmill Rating
FxPro Rating
HotForex Rating
FXCM Rating
Fort Financial Services Rating Rating

IQ Option Rating
Empire Option Rating
OptionRally Rating
TropicalTrade Rating
Binary Brokerz Rating
Grand Option Rating