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Buy the US Dollar from 107.999 towards 117.011.

Buy the US Dollar from 107.999 towards 117.011. | 18 June 2019

18 June 2019, USD/JPY

Wave Analysis

the Us Dollar is slowly approaching a key daily support 107.990. This is not only a daily level, but also a weekly support, as long as the price is contained above this level, we're patiently waiting for a clear bounce from this level to pick a long term buy order. The anticipated bullish price rally is the unfolding of the impulsive five wave cycle and should head straight towards 112.011, if this level is broken, then further rally towards 114.548 is expected. A clear breakout above 114.548 will mean we're expecting a rise towards 118.185.

Trade Recommendations:

Buy the US Dollar from 107.999 towards 117.011.

Bob Stan
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