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Usd/Jpy: Trend Remains Side-waysTop ↑  Our Services (Video Tour) Twitter Facebook Subscribe to our newsletter Oct 17 2011 After a few days of an extremely ranged price action, Usd/Jpy has exploded to the upside, which however does not seem to be the right direction in days ahead, especially after 80 pip reversal seen on day later. Notice also that price action since mid-August is extremely slow and choppy, clear indication of a corrective, contra-trend price action. As such, our bias are still to the downside, but may not be seen immediately as we look for an incomplete triangle. Waves D) and E) now in view, while market trades between important 77.85 and 76.07 levels. Trend is bearish while 77.85 holds! As things stands right now, we still suggest you to avoid this pair, and wait on a break through one of important levels that will determine direction of a trend. 4h chart:  Newsletter archive
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Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.
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