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Buy the US Dollar towards 114.00.

Buy the US Dollar towards 114.00. | 30 December 2019

30 December 2019, USD/JPY

Wave Analysis

During the previous trading day, noting much happed on this pair, we are waiting for a breakout above the resistance level 110.00 to confirm a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave to the upper side and should first break above 110.00 towards 114 .00 or even higher. If you are looking for a trade this week, wait for a break above the previous weeks highest high to confirm that we are upwards with an ultimate target around 114.00 or even higher to 118.00.
Trade Recommendation:
Buy the US Dollar towards 114.00.
Bob Stan
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