A weekly support is seen around 110.636. | 01 Maret 2019
01 Maret 2019, USD/JPY
Perfectly as previously forecasted, the first impulsive wave (i) rallied to the upperside and is still pretty much bullish. Buyers are in complete control in this market, but instead of going long just now, wait for a possible retracement towards 110.639 to buy the next impulsive wave (iii) towards 114.191. That is, as long as the price remains above 110.639, we're buyers, but should price descend below 110.639, then this will be an ideal place to look for a long term sell towards 108.871. As it is, only buy positions looks ideal.
Trade Recommendations:Rebuy the US Dollar from 110.636.
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.
