We're loooking for a low risk buy order. | 10 مايو 2019
10 مايو 2019, USD/JPY
Wave Analysis
During the previous trading day, the US Dollar bounced off from the daily support level 109.734 and is still pretty much above this level. As long as the price is contained above this level, we expect nothing but a possible momentum to the upper side. If you're a bit skeptic to pick this buy order, you could wait for a break above the previous day;s highest high to pick a low risk buy order towards 114.23. A break below the previous day's lowest low will push the price actively to the lowerside.
Trade Recommendations:
We're looking for a low risk buy order.
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.
