USDJPY. Rebuy the US Dollar from 107.690 towards 109.490. | 27 June 2019
27 June 2019, USD/JPY
Wave Analysis
During the previous trading day, the US Dollar rallied to the upperside and even went above 107.890. As long as the price remains above this level, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the unfolding of a corrective wave count but should not go beyond 109.490. If this level is broken, then further move to the upperside is expected. And on the flip side, should price break below 107.890 then this will be a good place to look for a long term sell towards 106.680.
Trade Recommendations:
Rebuy the US Dollar from 107.690 towards 109.490.
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.
