Place a pending sell limit order around 106.716 | 29 أغسطس 2019

29 أغسطس 2019, USD/JPY

Expect a possible rally towards 106.716

Wave Analysis

The US Dollar is moving perfectly inline with the previous day's forecast. As long as the price remains above 105.178, we're expecting a possible momentum, further to the upper side towards 106.716 to sell the last impulsive wave (E) but should not go beyond 105.178. A breakout above 106.716 will push the price further to the upperside with the next ideal target being 110.00 or even higher. As a recommendations, conservative traders should look for sell orders upon a bounce from 106.716.

Trade Recommendations:

Place a pending sell limit order around 106.716


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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