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USDJPY. Buy a bounce from 107.990.

USDJPY. Buy a bounce from 107.990. | 19 June 2019

19 June 2019, USD/JPY

USDJPY. Buy a bounce from 107.990.

Wave Analysis

the US Dollar is still oscillating above 107.990. The level 107.99 is not only a weekly support, but also a daily support, which means, as long as the price is contained above it, we expect a possible long term from this level, the anticipated bullish price rally is the continuation of the impulsive five wave cycle and should break above 112.011 towards 114.548. If the last target is broken, then we recommend a possible buy order towards 115.158. This view can only be invalidated in case the price breaks below 107.990, if this is true, then a move towards 104.489 is expected.

Trade Recommendations:

Buy a bounce from 107.990.

Bob Stan
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