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Wait to rebuy

Wait to rebuy | 25 July 2018

25 July 2018, USD/JPY

Wave Analysis

The US Dollar is currently showing signs of bouncing from a daily support level 111.156. As long as the price remains above this level, we expect a possible rebound from it to pick a long position with an ultimate target at 114.360. If you're not already in a long position, you should wait for price to pullback towards 111.156 to pick a long position with an ideal target at 114.360. Should the price break below 111.156, then we'll wait for a confirmation that the price will continue downwards towards 108.396.

Trade Recommendations:

Wait to rebuy the US Dollar around 111.156.

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Bob Stan
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