Buy the US Dollar above 111.867 towards 114.23 | 12 April 2019
12 April 2019, USD/JPY
Wave Analysis:
After drastic drop towards 110.700, the US Dollar bounced back to the upperside and is currently very bullish. As long as the price remains above 110.700, we expect a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and should breakout above 111.867. A clear rise beyond this level will push the price to the upperside towards 114.00. A breakout to the upperside will push the price steeply to the upperside towards the monthly resistance level seen at 117.00.
Trade Recommendations:
Buy the US Dollar above 111.867 towards 114.23
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.
