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Buy US Dolar towards 109.75.

Buy US Dolar towards 109.75. | 26 November 2019

26 November 2019, USD/JPY

Buy Us Dollar with an ultimate target at 110.00.

Wave Analysis
Perfectly in line with the previous week's forecast, the US Dollar bounced off from the supportive trendline and is currently heading to the upperside. As long as the price is contained above this trendline, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (C) and should breakout above 109.20 towards 111.92 or even higher. This view can only be invalidated in case the price breaks and closes below the same trendline.
Trade Recommendations
Buy US Dollar towards 109.75.
Bob Stan
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