Buy the US Dollar from 106.75 with your take profit at 108.89. | 09 اكتوبر 2019
09 اكتوبر 2019, USD/JPY
Wave Analysis
Just as previously anticipated, the US Dollar sustained the break above the upper trendline and is still pretty much above this level. As long as the price remains above this trendline, the previous analysis that this pair could continue to the upperside remains valid. The idea is to wait for a retracement back towards the immediate trendline to pick a low risk buy order. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should break above 108.59 but should not go above 112.75.
Trade Recommendations:
Buy the US Dollar from 106.75 with your take profit at 108.89.
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.
