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Rebuy the US Dollar from within 109.552-109.617,.

Rebuy the US Dollar from within 109.552-109.617,. | 13 May 2019

13 May 2019, USD/JPY

Rebuy the US Dollar from within 109.552-109.617,.

Wave Analysis:

For the better part of the last two weeks, this pair has been on the loosing. The previous week's decline saw this pair establish a support around 109.617-109.552. Following the rise above the bearish cloud, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the unfolding of a corrective three wave cycle and should head up towards 111.150. As it is, only a clear breakout below 109.552 will mean we're continuing to the lowerside towards 100.00.

Trade Recommendations:

Rebuy the US Dollar from within 109.552-109.617,.

Bob Stan
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