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We're flat

We're flat | 21 May 2019

21 May 2019, USD/JPY

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Wave Analysis

The US Dollar is currently pulling back to the upperside. This pair is however being shielded by the upper trendline. We're waiting for either a breakout above this trendline to confirm that we're upwards, or a bounce to pick a sell. As it is on the monthly chart attached, the best place to look for a sell from is if the price can break below the supportive trendline. If this is the case, then we'll expect a possible momentum to the lowerside with an ultimate target at 77.455. According to the chart attached, we recommend you remain flat.

Trade Recommendations:

We're flat

Bob Stan
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