Rebuy the US Dollar from within 109.552-109.617,. | 13 May 2019

13 May 2019, USD/JPY

Rebuy the US Dollar from within 109.552-109.617,.

Wave Analysis:

For the better part of the last two weeks, this pair has been on the loosing. The previous week's decline saw this pair establish a support around 109.617-109.552. Following the rise above the bearish cloud, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the unfolding of a corrective three wave cycle and should head up towards 111.150. As it is, only a clear breakout below 109.552 will mean we're continuing to the lowerside towards 100.00.

Trade Recommendations:

Rebuy the US Dollar from within 109.552-109.617,.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus