Wait | 20 مايو 2019
20 مايو 2019, USD/JPY
Wave Analysis
The US Dollar is currently trading within a tight range to going above the upper trendline or below the lower supportive trendline, according to the monthly chart above, we're waiting for a clear breakout above the lower trendline to confirm that we're upwards with an ultimate target at 124.545. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the uppersde and should break above 118.680 towards 121.00 and should breakout higher towards 124.00. As it is, intraday traders should expect a decline but only up to the end of this month.
Trade Recommendations:
Wait.
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.
