free stats

USD/JPY: Wave analysis and forecast for 12/10/2018 – 19/10/2018

USD/JPY: Wave analysis and forecast for 12/10/2018 – 19/10/2018

The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of 110.33.

Main scenario: long positions will be relevant above the level of 110.33 with a target of 115.00 – 116.50.

Alternative scenario: breakout and consolidation below the level of 110.33 will allow the pair to continue declining to a level of 108.06.

Analysis: Supposedly, the wave (C) of B of senior level continues developing on the daily timeframe. On the 4-hour time frame, presumably the wave 3 of (C) is developing, with the wave i of 3 forming inside. Apparently on the H1 time frame, the local correction of junior level finished developing in the form of wave (iv) of i. If this assumption is correct, the pair will continue to rise to 115.00 – 116.50. The level 110.33 is critical in this scenario.

Do You Want To Make Thousands Of Dollars Extra Cash Every Month
From Forex Trading In Pakistan?

Subscribe To Our Mailing List And Get Free Forex Training Videos, Free Forex Trading Strategies, Free Forex Indicators, Robots And Free Forex Analysis From ForexGuru.Pk Team In Your Email

We Respect Your Privacy And Protect It Seriously

Categories: Free Forex Signals

Free Forex Course - Free Forex Signals - ForexGuru.Pk - Dr. Zia-al-Hassan

Do You Want To Make Thousands Of Dollars Extra Cash Every Month
From Forex Trading In Pakistan?

Subscribe To Our Mailing List And Get Free Forex Training Videos, Free Forex Trading Strategies, Free Forex Indicators, Robots And Free Forex Analysis From ForexGuru.Pk Team In Your Email

We Respect Your Privacy And Protect It Seriously