We're still long towards 114.541. | 31 اكتوبر 2018

31 اكتوبر 2018, USD/JPY

We're still long towards 114.541.

Wave Analysis

After bouncing from both the dynamic Support, Envelope and the weekly support level 111.665, the US Dollar headed straight to the upper side and is still pretty much bullish both on the weekly and the monthly charts, as long as the price remains above 111.665, we expect a possible momentum to the upper side. The anticipated bullish price rally is the continuation of both the impulsive waves v and (c) and should break above 114.541, if this is the case, then further momentum towards 117.883 is expected.

Trade Recommendations:

We're still long towards 114.541.

101% Double the volume

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Bob Stan
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