Wait | 12 November 2019
12 November 2019, USD/JPY
Wave Analysis
Nothing much has happened on this pair since the beginning of this week, we expect the current rally to the upperside to continue even higher but should not go above the upper trendline. In case of a break above 109.50, than we'll wait for another break above 109.70 to confirm that we're continuing to the upperside with the next ideal target at 110.00 or even higher. This view can only be rendered futile in case the price breaks and closes below 100.70, if this is the case, then a momentum to the lowerside is expected.
Trade Recommendations:
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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.
