Wait for a clear buy signal from the supportive trendline towards 114.05. | 29 November 2018
29 November 2018, USD/JPY
Wave Analysis
During the trading day, the US Dollar traded to the lowerside but failed to go below the supportive trendline. As long as the price remains above this trendline, we expect nothing but a possible momentum to the upperside. Ideally, if the price can give a clear buy signal above the supportive trend line, then this will be an ideal place to look for a long term long position towards 114.05, and should the price break above this level, then further momentum towards 117.00 or even higher is expected.
Trade Recommendations:
Wait for a clear buy signal from the supportive trendline towards 114.05.
Be the first to get $5 for participation in the webinar 8.30 GMT!
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.
