Wait for a rebuy from 110.916 to pick a low risk buy. | 03 أبريل 2019
03 أبريل 2019, USD/JPY
Wave Analysis
The US Dollar is still above our level 110.916. According to the current chart set up and structure, we're waiting for a slight retracement back to 110.916 to pick a low risk buy order towards 114.191. This is merely the continuation of the impulsive wave (iii) and should first try a pullback as we've mentioned above. A breakout above 114.136 will push the price even higher. Conservative traders can wait for this retracement, and could alternatively wait for a breakout above 114.23 to pick a low risk buy towards 117.25.
Trade Recommendations:
Wait for a rebuy from 110.916 to pick a low risk buy.
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.
