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Buy the US Dollar temporarily from 107.255 towards 107.557.

Buy the US Dollar temporarily from 107.255 towards 107.557. | 21 June 2019

21 June 2019, USD/JPY

Buy the US Dollar temporarily from 107.255 towards 107.557.

Wave Analysis

On the 15 minutes chart attached, it looks like the US Dollar is beginning to gain a momentum to the upperside. Yesterday, the price went massively to the lowerside and is still bearish on the daily and other higher time frames. We're waiting for a clear breakout below 107.255 to confirm that we're heading to the lowerside. But as it is on the 15 minutes, we're likely to see further correction to the upperside towards 107.557,and in case the price break above this target, then we'll expect further momentum upwards towards 107.826.

Trade Recommendations:

Buy the US Dollar temporarily from 107.255 towards 107.557.

Bob Stan
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