USD/JPY: 'High Wave' points to correction

USD/JPY: 'High Wave' points to correction

1608usdjpyH4.png

There's a bearish 'High Wave', which hasn't been confirmed yet. So, the pair is likely going to achieve the closest support at 110.81. Meanwhile, if a pullback from this level forms next, bulls will probably try to test the next resistance at 111.75.

1608usdjpyH1.png

The last 'High Wave' highlights an opportunity to have a downward correction. The main intraday target is the lower 'Window' (110.75). This level could be a starting point for another bullish price movement.

jpy

Similar

Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera