USDJPY. While the price is above 107.898, look for low risk buy orders towards 109.265. | 05 Julio 2019

Wave Analysis

Yesterday, instead of continuing to the lowerside, the US Dollar pulled back upwards and is currently rallying above 107.898. This is a key level and a potential buy place, thus, as long as this level shields price from breaking into the lowerside, we expect nothing but a possible momentum to the upperside. We may only consider a sell should price again breakout below the same level 107.898, if this is true, then a bearish price rally is expected with the next ideal target being 104.33. A buy from 107.898 may push price upwards towards 109.935.

Trade Recommendations:

While the price is above 107.898, look for low risk buy orders towards 109.265.