Buy a bounce from the supportive trendline with your take profit at 110.00. | 06 Desember 2019
06 Desember 2019, USD/JPY
Wave Analysis
Yesterday, the US Dollar rallied to the lowerside despite the previous forecast that it could rally to the upperside. As long as the price does not go below the supportive, we're waiting for a possible low risk buy order. But should the price break below the supportive trendline, we're expecting a possible steep momentum towards 106.40. But in case of a bounce from the supportive trendline, then we're looking for a low risk buy order with an ideal take profit at 110.00, a break above the next level push the price even higher.
Trade Recommendations:
Buy a bounce from the supportive trendline with your take profit at 110.00.
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.
