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NZDJPY Looks Bearish Against 86.40Top ↑ 
Apr 16 2013 European shares and US pre-market has been trading higher for the last couple of hours and caused some downside on USD and JPY. Earlier we mentioned to our members that we will keep them updated regarding the JPY pairs as there could be some trading opportunity in the near future based on bearish S&P sentiment. Below we have NZDJPY chart where decline can be counted impulsively, so current rally should prove corrective. We would love to be short on that one, but we need three legs up from 80.54. Current minor five wave rally in red labels represents wave (a) of a zig-zag, so more sideways and even upside price action to come. For more analysis visit us at www.ew-forecast.com
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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.
Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without our permission.
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