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Rebuy the US Dollar from 110.836.

Rebuy the US Dollar from 110.836. | 07 March 2019

07 March 2019, USD/JPY

Rebuy the US Dollar from 110.836.

Wave Analysis

For the past few days, instead of a correction to the lowerside, the US Dollar went slightly to the upperside but is now pulling back to the lowerside, we still expect further momentum to the lowerside with an ideal target at 110.836. A clear bounce from 110.836 will mean we're buying the next impulsive wave (iii) towards 114.191. And should price breakout above this target, then we'll expect a possible move even higher with next ideal target being 117.978. As it is, we recommend remaining flat, but wait for a bounce from 110.836.

Trade Recommendations:

Rebuy the US Dollar from 110.836.

A lot of interesting information on the webinar!

Bob Stan
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