Buy the Us dollar upon a rebound from 108.72 | 28 May 2018
28 May 2018, USD/JPY
Wave Analysis
After the end of the impulsive wave (c) around 111.07, the Us Dollar has been in constant downtrend and is currently approaching a daily support level 108.72, if you didn't pick a short position upon the end of the impulsive wave (c) around 111.07, then we advice remaining flat and waiting for a buy position around 108.72 upon a rebound. Thus, instead of triggering any trade now, the ideal is to remain flat and wait for a perfect rebound from 108.72 to pick a long position with an ultimate target at 111.07.
Trade Recommendations:
Buy the Us dollar upon a rebound from 108.72 with your take profit at 111.07
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
