We're looking for a long position< | 30 Juli 2018
30 Juli 2018, USD/JPY
Wave Analysis
After a slight correction to the lowerside, the US Dollar could not go beyond 111.040. This is a key daily level and as long as it protects the lowerside, we expect a possible rebound from it to pick a long term long position with an ultimate target at 114.020. The anticipated bullish price rally is the continuation of the impulsive wave (c) and should not go beyond 114.020. If this target is broken, then further momentum towards 118.20 is expected. These, 114.000 and 118.20, are the key levels to look for when possible trades.
Trade Recommendations:
We're looking for a long position
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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.
