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Buy this pair around 110.787, stop loss slightly below and take profit at 118.324.

Buy this pair around 110.787, stop loss slightly below and take profit at 118.324. | 30 April 2019

30 April 2019, USD/JPY

Buy the us dollar from 111.706 towards 114.367.

Wave Analysis:

The US Dollar declined but failed to go below the level 111.706, this pair is likely heading to the lowerside, but as long as the price is contained above 110.787, we choose to remain flat temporarily, our expectations is that the price should continue to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (iii) to the upperside and should breakout above 114.367 towards the next level. If you're a bit skeptic to buy the impulsive wave (iii), you can wait for the next impulsive wave (v) above 114.367, then buy it towards 118.324.

Trade Recommendations:

Buy this pair around 110.787, stop loss slightly below and take profit at 118.324.

Trade CFD on NYSE, MOEX and NASDAQ corporate stocks without swap.

Bob Stan
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