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We're long

We're long | 18 May 2018

18 May 2018, USD/JPY

We're long

Wave Analysis

Perfectly as previously forecasted, the impulsive wave (c) extended significantly to the upper side and is still pretty much bullish both on the daily and the weekly charts. Today and in the next few days, we expect a possible extension of the impulsive wave (c) to the upper side but should firs break above 111.60, if this level can be broken upwards, then this will be a confirmation that the price will continue upwards with the next target being 114.37. According to the current chart set up, only long positions seems more ideal and can be recommended.

Trade Recommendations:

We're long with our target at 114.37

FreshForex cancels commissions!

Bob Stan
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