Buy US Dollar now towards 114.00 | 27 Julio 2018
27 Julio 2018, USD/JPY
Wave Analysis:
First, the previous day's candle was a perfect bullish pin bar candle closing above a key level 111.040. This is a key level and as long as it protects the lowerside, we expect a possible momentum to the upperside. The anticipated bullish price rally will be the continuation of the impulsive wave (c) to the upperside but should not go beyond 114.00. If this target is broken, then the price will likely surge to the upperside with the next ideal target being 118.00. We will only consider a sell position should the price break below 111.040.
Trade Recommendations:
Buy US Dollar now towards 114.00
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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.
