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Wait | 15 February 2019

15 February 2019, USD/JPY

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Wave Analysis

The US Dollar bounced from the short term resistance level 110.979 and is still pretty much below this level. ON the weekly chart attached, we're eyeing just two levels a bounce from 108.541 to pick a buy, or a clear bounce from 110.879 to pick a sell , should price breakout above any of these levels, then we're pick a trade in the direction of the break. As it is, we're expect a break beyond 110.979 to confirm that we're upwards with the next ideal target being 114.131, and should price breakout above it, then a move even higher is expected.

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