Buy US Dollar now towards 114.00 | 27 July 2018

27 July 2018, USD/JPY

Buy US Dollar now towards 114.00

Wave Analysis:

First, the previous day's candle was a perfect bullish pin bar candle closing above a key level 111.040. This is a key level and as long as it protects the lowerside, we expect a possible momentum to the upperside. The anticipated bullish price rally will be the continuation of the impulsive wave (c) to the upperside but should not go beyond 114.00. If this target is broken, then the price will likely surge to the upperside with the next ideal target being 118.00. We will only consider a sell position should the price break below 111.040.

Trade Recommendations:

Buy US Dollar now towards 114.00

Do you know against which currencies JPY is the most profitable?

Buy US Dollar now towards 114.00

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Bob Stan
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