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Expect a possible sell of from 111.513.

Expect a possible sell of from 111.513. | 01 May 2019

01 May 2019, USD/JPY

Buy the us dollar from 111.706 towards 114.367.

Wave Analysis:

yesterday, the US Dollar descended below a key level 111.513. day traders or scalpers should expect a possible short term sell off from this level today, but in case the price breaks above it, then we'll wait for a second breakout above 111.706 to confirm that we're upwards with the next ideal target being 114.367. The anticipated bullish price rally is the continuation of the impulsive wave (iii), and in case it closes above, then we'l wait and buy the last impulsive wave (v) with our ultimate target at 119.324.

Trade Recommendations:

Intraday traders should look for a possible short term sell from 111.513.

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

Bob Stan
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