Corrections | 20 Juli 2018
20 Juli 2018, USD/JPY
Wave Analysis
During the previous trading day, the US Dollar corrected itself to the lowerside and may extend further to the lowerside. We expect this downward rally to be a corrective wave count but should not go beyond the daily short term support level 111.040. If you went long previously upon a break above 111.040, leave this position open, if not, then wait for this correction to rally even lower towards 111.040 to pick a long position. With this long position, you take profit should be fixed at 118.42.
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Correction
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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.
