USD/JPY Wave analysis and forecast of 13.03 – 20.03

USD/JPY Wave analysis and forecast of 13.03 – 20.03: The pair is expected to continue growth.

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 a level of 120.50.

Our opinion: Buy the pair from correction above a level of 120.50 with a target at 122.85 – 124.0. Sell the pair with the target at 118.20 in case the level 120.50 is broken.

Alternative scenario: Breakdown and consolidation below the level of 120.24 will allow the pair to continue declining to a level of 118.20.

Analysis: The formation of the fifth wave under long-term bullish impetus is going on. Locally, the third wave (iii) of v continues to develop. If this assumption is correct and the price does not break the critical level 120.50, the pair will continue to rise to the levels at 122.85 – 124.0 within an upward trend.

USDJPY-D1

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

USDJPY-H4

Share This Post

Related Articles

© 2022 Forex Education In Urdu. All rights reserved. Site Admin · Entries RSS · Comments RSS
Powered by PakistanOffice.Com · Designed by PakistanOffice.Com