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Wait | 26 March 2019

26 March 2019, USD/JPY

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Wave Analysis

During the previous week, the US Dollar sustained the break below 110.36 and is still pretty much below this level, as we mentioned in our previous forecast, as long as the price remains below 110.369, we remain hesitant to pick any position. But should price attempt to break and close above 110.369, then this will be an ideal place to look for a long term buy order towards 114.369, a break above this level will mean we're continuing long with the last impulsive wave [c] towards 117.36.

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