Wait for a buy above 110.056. | 28 Februari 2019
28 Februari 2019, USD/JPY
Wave Analysis
So far, the US Dollar is still struggling below 110.056, we're waiting for a clear breakout above 110.056 to confirm that we're upwards with an ultimate target at 117.921. The anticipated bullish price rally is the continuation of the impulsive wave [c] to the upper side and should first breakout above 110.056 before a move towards 114.182 is seen. If the last target is broken, then further momentum even higher is expected. As it is, we're waiting for a break above 110.056, then a retracement back to the same level to buy the impulsive wave (iii) towards 114.192.
Trade Recommendations:
Wait for a buy above 110.056.
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.
