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We're long

We're long | 21 May 2018

21 May 2018, USD/JPY

Wave Analysis

During the previous week, The Us Dollar went massively to the upperside and is still showing potentials of rallying even higher. Today and in the next few days, we expect a possible extension of the impulsive wave (c) the upperside and may break above 114.32. If you didn't pick this trade around 108.80, you could still wait for minor pullbacks to the lowerside to pick further lower risk buy opportunities. Ideally, as long as we're above 108.80, long positions looks more ideal and can be recommended with an ultimate target at 114.27.

Trade Recommendations:

We're long towards 114.32

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Bob Stan
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