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As long as the price remains above 111.891, we're looking for a buy order towards 114.52.

As long as the price remains above 111.891, we're looking for a buy order towards 114.52. | 16 April 2019

16 April 2019, USD/JPY

As long as the price remains above 111.891, we're looking for a buy order towards 114.52.

Wave Analysis

After breaking above the zone 111.273-111.891, the US Dollar is showing signs of sustaining itself above this zone, from what we said previously, while the price is contained above this zone, we expect nothing but a possible momentum to the upper side and should head straight towards 113.540. The idea is to wait for a correction towards the same zone to pick a low risk buy order with an ideal target as just mentioned. This view will only be invalidated in case the price breaks below 111.723.

Trade Recommendations:

As long as the price remains above 111.891, we're looking for a buy order towards 114.52.

Trade CFD on NYSE, MOEX and NASDAQ corporate stocks without swap.

Bob Stan
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