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We're still long towards 110.565.

We're still long towards 110.565. | 05 February 2019

05 February 2019, USD/JPY

We're still long towards 110.565.

Wave Analysis

Th US Dollar is currently pulling back to the lower side. We took a buy from the level 108.541 and is still holding, our expectation is that the price should continue to surge to the upperside with the next ideal target being 110.440, and should price breakout higher, then the next ideal level to take profit will be 114.133. This view can only be invalidated in case the price breaks below 108.541, if this is the case, then we'll wait for a retracement back to the just broken level to pick a long term sell order towards 104.340.

Trade Recommendations:

We're still long towards 110.565.

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Bob Stan
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