USDJPY. Rebuy US Dollar from 107.90 | 12 Juli 2019
12 Juli 2019, USD/JPY
Wave Analysis
the US Dollar is currently trading above a key resistance level 107.90. We're still upwards with the position we took during the previous trading day, and while the price is above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should break above 109.15 towards 110.20 or even higher. An on the flip side, should price break below 107.90, then this will be the ideal place to look for a long term sell order.
Trade Recommendations:
Rebuy US Dollar from 107.90
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.
