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Buy US Dollar above 111.080.

Buy US Dollar above 111.080. | 04 July 2018

04 July 2018, USD/JPY

Buy US Dollar above 111.080.

Wave Analysis

After a rally to the upper side US Dollar failed to break above 111.080, instead it rebounded from this level and is now heading to the lower side. We're still expecting a breakout above 111.080 to look for along position. In case of a breakout above 111.0800, then we 'll expect further rally even higher. The anticipated bullish price rally is the continuation of the impulsive wave (c) to upper side and may extend above 113.340 but should not go beyond 114.360. At the moment, we don't recommend looking for short positions.

Trade Recommendations:

Buy US Dollar above 111.080.

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