USDJPY. Look for buy orders now | 31 Juli 2019
31 Juli 2019, USD/JPY
Wave Analysis
The US Dollar is currently rallying around a major support zone 108.470-108.270. This is a verifies support according to the chart above and as long as the price remains above it, we expect nothing but a possible momentum to the upperside. Basically we're waiting for a sign that the corrective three wave cycle is ended so that we can pick a long term buy. And on the flipside, only a clear breakout below 108.270 may mean we're heading to the lowerside with an ultimate target at 107.970.
Trade Recommendations:
Look for buy orders now
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.
