We're long towards 114.00. | 12 December 2018
12 December 2018, USD/JPY
Wave Analysis
Perfectly as we forecasted from Monday, the US Dollar rose significantly and is still very bullish both on the daily and the weekly charts, as long as the price remains above the Envelopes, the indicator show above, we expect further movements to the upper side. If you bought this pair with us previously, you should remain long and have your take profit at 114.00. If this level is broken, then, we'll expect further momentum to the upper side with the next ideal take profit being around 117.00. A break above this target will push the price even higher towards 118.00.
Trade Recommendations:
We're long towards 114.00.
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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.
