Sell the US Dollar around 107.785 | 19 April 2018

19 April 2018, USD/JPY

Wave Analysis

The US Dollar continues to rally to the upper side but is still several pips below our sellers territory 107.785. During this day and in the next trading day, I expect a possible momentum towards 107.785 and even a possible break above to confirm a possible rally towards 111.210 or even higher. The anticipated bullish price rally will be the continuation of the impulsive wave (c) to the upper side but should not go beyond the level 111.210. This view will only be invalidated in case the price breaks below 106.395, this being the case, we'll expect a rally to the lower side.

Trade Recommendations:

Sell the US Dollar around 107.785

FreshForex cancels commissions!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus