What happened? Japanese shares fell on Monday…
USD/JPY rising inside minor impulse wave 3
2019-11-11 • Updated
- USD/JPY rising inside minor impulse wave 3
- Next buy target - 112.00
USD/JPY continues to rise inside the minor impulse wave 3 which recently broke through the strong resistance level 111.00 (which has been repeatedly reversing the price from the middle of May, as can be seen below). The breakout of this resistance level accelerated the active minor impulse wave 3 – which belongs to the intermediate impulse wave (3) from the end of May. USD/JPY is expected to rise further toward the next buy target at the next resistance level 112.00 (target price for the termination of the active impulse wave (iii)).
Similar
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!
Latest news
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...