USDJPY. Look for low risk buy orders towards 109.288. | 29 Julio 2019
29 Julio 2019, USD/JPY
Wave Analysis:
The US Dollar is currently trading within a rising channel formation. After bouncing off from the supportive trendline, the US Dollar been rising steadily but is yet to reach the upper trendline. This week and possibly in the next few week’s we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (E) to the upperside but should not go beyond 109.288 and may continue even higher in case of a break above.
Trade Recommendations:
Look for low risk buy orders towards 109.288.
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.
