USD/JPY Wave analysis and forecast for 16.05 – 23.05

USD/JPY Wave analysis and forecast for 16.05 – 23.05: The pair is likely to decline.

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk

Estimated pivot point is at the level of 102.09.

Our opinion: Sell the pair below the level of 102.09 with the target of 100.0 – 99.0.

Alternative scenario: Breakout of the level of 102.09 will enable the rise in the pair up to the levels of 104.0 – 105.0.

Analysis: Presumably, the formation of the third wave in the wave C of the senior level continues. Locally, the third wave of the junior level is being formed and it this assumption is correct, it makes sense to expect that the decline in price will continue up to the levels of 100.0 – 99.0.

USDJPY-D1 USDJPY-H4

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk

 

Share This Post

Related Articles

© 2023 Forex Education In Urdu. All rights reserved. Site Admin · Entries RSS · Comments RSS
Powered by PakistanOffice.Com · Designed by PakistanOffice.Com