Sell the US Dollar around 113.682

05 December 2018, USD/JPY

Wave Analysis

So far, the US Dollar has not made any moves to the upperside as we previously forecasted, instead, the US Dollar is below 113.682. As long as the price remains below this level, we expect nothing but a possible momentum to the lower side, And should the price break above it, then we'll wait for another break above 117.115 to confirm that we're long with an ultimate target at 124.600. Ideally a break above 117.115 will mean we're upwards towards 121.00 and could rise even higher towards 124.00.

Trade Recommendation

Sell the US Dollar around 113.682

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Graham Osano
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