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We're looking for a long position<

We're looking for a long position< | 30 July 2018

30 July 2018, USD/JPY

We're looking for a long position<

Wave Analysis

After a slight correction to the lowerside, the US Dollar could not go beyond 111.040. This is a key daily level and as long as it protects the lowerside, we expect a possible rebound from it to pick a long term long position with an ultimate target at 114.020. The anticipated bullish price rally is the continuation of the impulsive wave (c) and should not go beyond 114.020. If this target is broken, then further momentum towards 118.20 is expected. These, 114.000 and 118.20, are the key levels to look for when possible trades.

Trade Recommendations:

We're looking for a long position

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We're looking for a long position<

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Bob Stan
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