We're long | 21 Februari 2019
21 Februari 2019, USD/JPY
Wave Analysis
On the hourly chart attached, the US Dollar is still within the rising channel formation. As we mentioned in our previous forecast, while the price is contained within this channel, we expect a steep rise even higher. The idea here is to wait for a break above the previous week's highest high to pick a long term buy towards 114.00. The anticipated bullish price rally will be the continuation of the impulsive wave (c) upwards and should first rise above the recent highest high, before a move even higher is seen.
Trade Recommendations:
We're long
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.
