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Wait and buy the US Dollar towards 113.93.

Wait and buy the US Dollar towards 113.93. | 10 December 2018

10 December 2018, USD/JPY

Wait and buy the US Dollar towards 113.93.
Wave Analysis:
The Us Dollar is currently attempting a break below the dynamic support indicator shown above. As we’re been mentioning in our forecasts, as long as this indicator is not violated to the lower side with a big red candle, we’re still expecting a move to the upper side, ideally, we could see a bounce from this indicator, then a sharp rise towards 113.93. The anticipated bullish price rally is the continuation of the impulsive wave (c) and should first break above 113.93 before a move even higher is seen with the next ideal target being 117.08. And on the flip side, should the price break below this indicator, then a move lower is expected.
Trade Recommendations:
Wait and buy the US Dollar towards 113.93.

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Bob Stan
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