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Buy a bounce from the supportive trendline with your take profit at 110.00.

Buy a bounce from the supportive trendline with your take profit at 110.00. | 06 December 2019

06 December 2019, USD/JPY

Buy a bounce from the supportive trendline with your take profit at 110.00.

Wave Analysis

Yesterday, the US Dollar rallied to the lowerside despite the previous forecast that it could rally to the upperside. As long as the price does not go below the supportive, we're waiting for a possible low risk buy order. But should the price break below the supportive trendline, we're expecting a possible steep momentum towards 106.40. But in case of a bounce from the supportive trendline, then we're looking for a low risk buy order with an ideal take profit at 110.00, a break above the next level push the price even higher.

Trade Recommendations:

Buy a bounce from the supportive trendline with your take profit at 110.00.

Bob Stan
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