Wait for a retracement towards 110.0 to pick a buy order. | 04 Abril 2019
04 Abril 2019, USD/JPY
Wave Analysis
The US Dollar is slowly heading to the upperside. In my opinion, this is still a buy, but the correct place to buy from is not where the price is right now, but conservative traders should wait for a retracement back towards 110.836 to pick a long term buy order towards 114.139. The anticipated bullish price rally is the continuation of the impulsive wave (iii) to the upperside and should head even higher towards 117. Overall, we expect the larger impulsive wave [c] not to break beyond 117.00 which is a good weekly sell place.
Trade Recommendations:
Wait for a retracement towards 110.0 to pick a buy order.
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.
