Waiting for a clear sell signal from 109.630 | 14 May 2019
14 May 2019, USD/JPY
Wave Analysis:
The US Dollar is currently trading with an increasing bearish bias. As long as the price remains below the bearish cloud seen above, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and should break below the previous day's lowest low towards 101.00 or even lower. If you're not in any trade at the moment, you should wait for a pullback up to 109.760 to pick a low risk sell order.
Trade Recommendations:
Waiting for a clear sell signal from 109.630
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.
