You could buy USDJPY above 114.080 with your take profit at 117.05. | 11 December 2018

11 December 2018, USD/JPY

Wave Analysis

Perfectly as we forecasted, the pair bounced from the supportive indicator and is still rallying above it. As we mentioned in our previous forecast, while the price is contained above this indicator, we expect the indicator to act as a dynamic support. Which means any clear pullbacks towards the same support will attract a long position towards 114.080. The anticipated bullish price rally is the continuation of the impulsive wave (5) and should break beyond 114.080 towards 117.00 or even higher. You could also wait and buy a break above 114.080.

Trade Recommendations:

You could buy USDJPY above 114.080 with your take profit at 117.05.

Be the first to get $5 for participation in the webinar 8.30 GMT!

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus