free stats

USDJPY Wave analysis and forecast for 11.08 – 18.08

Wave analysis and forecast for 11.08 – 18.08: Downtrend continues.

Estimated pivot point is at the level of 110.80.

Analysis: Supposedly, a downtrend continues forming within the wave с of В of senior level. Apparently, the third wave (iii) of junior level continues developing locally. If the presumption is correct, the pair may be expected to continue dropping to the levels of 108.00 – 106.45. The level 110.80 is critical in this scenario.

Alternative scenario: Breakout and consolidation above the level of 110.80 will allow the pair to continue rising to a level of 112.20.

Our opinion: Sell the pair from corrections below the level of 110.80 with a target at 108.00 – 106.45.

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

Tags: ,,,

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