Wait | 01 April 2019
01 April 2019, USD/JPY
usdjpy
Wave Analysis
After an unprecedented decline below 110.836, the US Dollar pulled back upwards and is now around the same level. According to the monthly chart, we're looking for a possible long term buy, and while the price remains below 110.836 on the weekly chart, we're choose to remains flat. We're waiting for a clear retracement back to the lowerside to pick a low risk monthly buy towards 114.193. A break above this target will push the price even higher towards 117.836. The anticipated long term rally is the continuation of the larger impulsive wave [c] and may head above 117.836.
Trade Recommendations:
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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.
