Buy the US Dollar from 108.200 with your tp at 108.620. | 15 اكتوبر 2019
15 اكتوبر 2019, USD/JPY
Technical Observation
During the previous trading day, the corrective wave (iv) continued to the lowerside but could not go beyond 108.060, we expect the rebound from 108.060 to have marked an end to the corrective wave (iv), that the current bullish price rally to be the continuation of the impulsive wave (v) and should break above the previous week's highest high towards 110.00. This view can only be invalidated in case the price breaks below the previous day's lowest low, or if the price rebounds from 108.620.
Trade Recommendations:
Buy the US Dollar from 108.200 with your tp at 108.620.
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.
