We're waiting for a buy | 23 مايو 2019
23 مايو 2019, USD/JPY
Wave Analysis
The Us dollar pulled back to the supportive trendline and is still above the supportive trendline. As long as the price is protected by this supportive trendline, we expect nothing but a possible momentum to the upperside. But should price breakout to the lowerside, then further momentum even lower is expected. Basically, a clear descent below 110.085 will mean we're looking for a long term sell order towards 109.745, a break will push price even lower towards 109.065. On the flip side, only a break above 110.680 will push price higher.
Trade Recommendations:
Wait for a buy from around 110.085
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.
