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Rebuy the US Dollar from 110.693.

Rebuy the US Dollar from 110.693. | 12 March 2019

12 March 2019, USD/JPY

Rebuy the US Dollar from 110.693.

Wave Analysis

The US Dollar is not doing much, we're still above the weekly support 110.818. As we mentioned in our previous forecasts, we're waiting for a clear sign that the corrective wave (ii) is ended so that we can buy the next impulsive wave (iii) towards 114.191. And in case of a break above this level, then we'll expect the last impulsive wave (v) to proceed even higher towards 117.00 or even higher to 121.00. As it is, only a close below 110.836 will attract a long term sell towards 108.471.

Trade Recommendations:

Rebuy the US Dollar from 110.693.

A lot of interesting information on the webinar!

Bob Stan
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