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Buy Us Dollar with an ultimate target at 110.00.

Buy Us Dollar with an ultimate target at 110.00. | 25 November 2019

25 November 2019, USD/JPY

Buy Us Dollar with an ultimate target at 110.00.

Wave Analysis
Despite the previous position we took on this pair, the price continues to rally to the lower side but is above the supportive trendline. As long as the price remains above this trendline, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and could see price rally even higher towards 109.75. This view can only be invalidated in case the price breaks and closes below the supportive trendline, if this is the case, then further momentum to the lowerside is expected with an ultimate target at 104.80.
Trade Recommendations:
Buy Us Dollar with an ultimate target at 110.00.
Bob Stan
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