USDJPY. Buy a breakout above 109.027 or sell a bounce from 108.762 towards 107.050 | 08 Julio 2019
08 Julio 2019, USD/JPY
Wave Analysis:
On the chart attached, the key zone on this chart is 108.762-109.027, We expect the impulsive wave (iii) to breakout above this zone to pick a low risk buy order with an ultimate target at 111.610. A breakout above this level will push the price even higher. A bounce from the same will push the price to the lowerside. A breakout below 107.050 will culminate into further move to the lowerside with an ultimate target at 105.00 or even lower. Ultimately, the price should hit the low or 100 or a high of 118.00 in the next few months.
Trade Recommendations:
Buy a breakout above 109.027 or sell a bounce from 108.762 towards 107.050
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.
