02 May 2019, USD/JPY
Wave Analysis:
Yesterday, the US Dollar closed pretty much the same place it opened the other day. We expect buyers to encroach this market anytime from now on wards, and as it is, we're still holding onto to the buy we had previously, our predication is that the price should continue to the upperside, as long as it remains above 111.706. The anticipated bullish price rally is the continuation of both the impulsive waves (v) and [c] and should breakout above 114.367 with an ultimate target at 118.324. As it is, we recommend looking for low risk buy orders.
Trade Recommendations:
We're holding onto a buyers bias perspective, with your our first take profit at 114.367.
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