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Buy the US Dollar from 107.990.

Buy the US Dollar from 107.990. | 17 June 2019

17 June 2019, USD/JPY

Buy the US Dollar from 107.990.

Wave Analysis

Few days ago, the US Dollar established a key support around 107.990 and is still pretty much above this level. While the price is contained above this level, we're waiting for a clear bounce from this level to pick a long term buy order. Basically, we're waiting for a clear sign that the corrective wave [b] is ended so that we buy the last impulsive wave [c] to the upperside. The anticipated bullish price rally is the unfolding of an the impulsive five wave cycle and should breakout above 112.011 towards 114.554.

Trade Recommendations:

Buy the US Dollar from 107.990.

Bob Stan
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