Buy Us Dollar with an ultimate target at 110.00. | 25 نوفمبر 2019
25 نوفمبر 2019, USD/JPY
Wave Analysis
Despite the previous position we took on this pair, the price continues to rally to the lower side but is above the supportive 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) to the upperside and could see price rally even higher towards 109.75. This view can only be invalidated in case the price breaks and closes below the supportive trendline, if this is the case, then further momentum to the lowerside is expected with an ultimate target at 104.80.
Trade Recommendations:
Buy Us Dollar with an ultimate target at 110.00.
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.
