Buy the US Dollar from 107.990. | 17 June 2019
17 June 2019, USD/JPY
Wave Analysis
Few days ago, the US Dollar established a key support around 107.990 and is still pretty much above this level. While the price is contained above this level, we're waiting for a clear bounce from this level to pick a long term buy order. Basically, we're waiting for a clear sign that the corrective wave [b] is ended so that we buy the last impulsive wave [c] to the upperside. The anticipated bullish price rally is the unfolding of an the impulsive five wave cycle and should breakout above 112.011 towards 114.554.
Trade Recommendations:
Buy the US Dollar from 107.990.
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.
