Wait for a bounce from around 108.70 to pick a low risk buy position. | 18 ديسمبر 2019
18 ديسمبر 2019, USD/JPY
Wave Analysis
So far. not much happening on this pair, the US Dollar is still around this week's opening price. As long as the price remains above the upper trend line, we expect nothing but a possible momentum to the upperside. We're basically just waiting for a minor pullback to the lower side to pick a long term buy order towards 110.20. And on the otherside, should the price break and close below the same trendline, then this is an indication that we are continuing to the lower side towards 106.70.
Trade Recommendations:
Wait for a bounce from around 108.70 to pick a low risk buy position.
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.
