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Wait | 26 November 2018

26 November 2018, USD/JPY

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Wave Analysis

The US dollar pulled back upwards and even tested the level 113.25. As we mentioned in our previous forecast, as long as the price remains below 113.25, we expect nothing but a possible momentum to the lower side. If you're not in any trade at the moment, you can still wait for a possible end of the corrective wave (b) to end so that we sell the last impulsive wave (c) with an ideal target along the ascending trend line. And should the price break below it, then we'll expect further momentum further lower towards 111.10.

Trade Recommendations:

Wait for a clear sell signal.

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