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Buy US Dollar from the immediate trendline towards 109.65.

Buy US Dollar from the immediate trendline towards 109.65. | 20 September 2019

20 September 2019, USD/JPY

Look for buy positions above 107.65.

Wave Analysis

Nothing much appears to be happening on this pair. The US Dollar is still rallying above the upper trendline. While the price is contained above this trendline, I expect a possible extension of both the impulsive waves (c) and 5 and should continue massively to the upperside towards 109.65. This view can only be invalidated in case the price breaks below the immediate trendline, if this is the case, then we'll expect a possible momentum to the lowerside with an ideal take profit at 104.70.

Trade Recommendations:

Buy US Dollar from the immediate trendline towards 109.65.

Bob Stan
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