05 Septiembre 2019, USD/JPY
Wave Analysis
The US Dollar rallied to the upperside earlier today, but came crashing down. Nonetheless, the price failed to break below the supportive trendline. While the price is contained above this trendline, I expect further momentum to the upperside towards 106.755. A break above this level will push the price even higher towards 110.21. And on the flip side, should the price break below the supportive trendline, then we'll expect further momentum to the lowerside towards 105.845.
Trade Recommendations:
Buy a rebound from the supportive trendline towards 106.755.