empty
 
 
20.06.2018 11:31 AM
Review of USD / JPY pair for the week of June 20 on simplified wave analysis

The wave pattern of the H4 graph:

The rising wave of February 16 gave rise to the final part (C) in a larger-scale bullish formation. The preliminary target level is approximately 4 figures higher than the current rate.

This image is no longer relevant

The wave pattern of the H1 graph:

After the corrective phase of the movement, an upward wave formed from May 29. Since last week, the price forms the opposite section (B).

This image is no longer relevant

The wave pattern of the M15 chart:

The bearish wave of June 15 takes the place of correction in the previous increase and has a small downward potential.

This image is no longer relevant

Recommended trading strategy:

Sales of the instrument are risky and not recommended. For all trading styles, it is recommended to pay attention to buying signals of the pair.

Resistance zones:

- 113.30 / 113.80

- 111.20 / 111.70

Support zones:

- 109.40 / 108.90

Explanations to the figures:

A simplified wave analysis uses a simple waveform, in the form of a 3-part zigzag (ABC). The last incomplete wave for every timeframe is analyzed. Zones show the calculated areas with the greatest probability of a turn.

Arrows indicate the counting of wave according to the technique used by the author. The solid background shows the generated structure and the dotted exhibits the expected wave motion.

Attention: The wave algorithm does not take into account the duration of the tool movements in time. To conduct a trade transaction, you need to confirm the signals used by your trading systems.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback