Buy the US Dollar above 111.040. | 11 Juli 2018
11 Juli 2018, USD/JPY
Wave Analysis
During the previous trading day, the Us Dollar attempted a break above the short term daily resistance line 111.040 but could not contain this breakout, rather, the price pulled back to the lower side and is now below the same line. The previous day's pin bar candle is a possible sell candle, and as long as the level 111.040 remains intact, we expect a possible momentum to the lower side. However, should the price break above 111.040, then this will be a good place to look for a long position towards 114.329.
Trade Recommendations:
Buy the US Dollar above 111.040.
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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.
