Elliott waves analysis – Rebuy this pair around 108.25


Rebuy this pair around 108.25

Wave Analysis:

Despite and attempt break below 108.25, the Us Dollar ended up being contained above, around 108.25 is a potential buy place, and if you’re a position term trader, then you could look for a buy position here (108.25) with your target at 114.25. That is, as long as we’re above 108.25, we interested in long positions with your target at 114.25, if the price should close below 108.25, the expect a possible bearish acceleration towards 100.25. This pair should be traded alongside GBPJPY, AUDJPY, CHFJPY, HKDJPY. These pairs have a strong positive correlation of up to +54% and will move in the same direction today.
Trade Recommendations:
Rebuy this pair around 108.25 with your take profit at 114.25

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