Rebuy the the US Dollar from 110.836 towards 114.161. | 05 Maret 2019
05 Maret 2019, USD/JPY
The breakout above 110.836 is a possible bullish dominance sign. And as long as the price remains above 110.836, we're buyers, we're basically waiting for a possible correction towards 110.836 to buy the next impulsive wave (iii) towards 114.181. If you bought the first impulsive wave (i), you may wait for the corrective wave (ii) to end around 110.836 to buy this pair at the least risk possible. Should the price break below 110.836, then a possible rally towards 108.161 is expected. a break below this level will push the price even lower.
Trade Recommendations:Rebuy the the US Dollar from 110.836 towards 114.161.
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.
