Rebuy the US Dollar from within 109.552-109.617,. | 13 May 2019
13 May 2019, USD/JPY
Wave Analysis:
For the better part of the last two weeks, this pair has been on the loosing. The previous week's decline saw this pair establish a support around 109.617-109.552. Following the rise above the bearish cloud, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the unfolding of a corrective three wave cycle and should head up towards 111.150. As it is, only a clear breakout below 109.552 will mean we're continuing to the lowerside towards 100.00.
Trade Recommendations:
Rebuy the US Dollar from within 109.552-109.617,.
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.
