USDJPY. Rebuy the from 108.700. | 10 Juli 2019
10 Juli 2019, USD/JPY
Wave Analysis
The US Dollar is still rallying above the 4 hour resistance level 108.700-108.661, as long as the price remains above this zone, we're looking for long term buy orders, the idea is to wait for minor corrections of the impulsive waves (v) and 5 and should not go beyond 108.700 which is a good buy place. But on the flip side, should price breakout below 108.700, then we'll wait for a pullback to the just broken level to pick a low risk sell order towards the supportive trendline. A bounce from this trendline will attract a buy.
Trade Recommendations:
Rebuy the US Dollar from 108.700
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.
