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Buy the US Dollar with an ultimate target at 114.00.

Buy the US Dollar with an ultimate target at 114.00. | 16 October 2019

16 October 2019, USD/JPY

Buy the US Dollar with an ultimate target at 114.00.

Wave Analysis

Perfectly as previously foprecasted, the impulsive wave (v) continued to the upperside and is still showing signs of continuing even higher. Following the break above the previous week's highest high, we expect nothing but a possible continuation of the current bullish movements but should not go above 110.00. If price goes above this level, then this will be a good sign that we're continuing to the upperside with the next ideal target being 112.00 and could extend even higher towards 114.00.

Trade Recommendations:

Buy the US Dollar with an ultimate target at 114.00.

Bob Stan
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