Look for buy orders towards 109.65. | 17 سبتمبر 2019
17 سبتمبر 2019, USD/JPY
Wave Analysis
During the previous trading day, the US Dollar rallied slightly higher than expected and even went above the upper trendline. As long as the price remains above this trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) and 5 and should extend slightly higher but should not go beyond 109.15. This view can only be invalidated in case the price breaks below the same trendline to the lowerside.
Trade Recommendations:
Look for buy orders towards 109.65.
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.
