We're long from within 113.722-113.553. | 13 November 2018
13 November 2018, USD/JPY
Wave Analysis
The US Dollar is currently above the 52 Simple Moving Average. And even most important, the price is above the supportive zone 113.553-113.77. As long as the price remains above this zone, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside, and should break above 114.100. If this is the case, then further momentum towards 118.00 or even higher is expected. We're only going to look for sell positions below 113.553.
Trade Recommendations:
We're long from within 113.722-113.553.
101% Double the volume
!Attention!
All bonus participates in drawdown!
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.
