Forex4you

USDJPY: position transfer into swing is possible

Wave analysis

Technical analysis

Fundamental analysis

Complex analysis

   As already was mentioned last week, growth cycle started on a pair with quite interesting perspectives. By overlooking last prognosis on a pair you can be certain that u-turn- round took place slightly lower than calculated level, and additional signal was on breakdown of trend line. As for now we must overview day’s time-frame to define middle-term goals. As we can see from markings, Mirror script well certain describes possible trajectory of price behavior in near future, an area of 104.00/105.00 plays target zone role.

Trade recommendations: In case of positions, opened In advance, to review positions transfer into break-even make-out.

Alternative scenario: break of local minimum 91.50 down will cancel current suggestion, and in this case targets can be considered as structure generates.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst