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Buy the US Dollar towards 110.20.

Buy the US Dollar towards 110.20. | 13 December 2019

13 December 2019, USD/JPY

Wave Analysis

Few day ago, the US Dollar failed to sustain the break below the supportive trendline, instead, after breaking below this trendline, the US Dollar barely remained below it and has now pulled back above it. As long as the price remains above this trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish continuation if the unfolding of an impulsive wave count and could push price actively to the upperside towards 109.25. A break above will push the price even higher.

Trade Recommendations:

Buy the US Dollar towards 110.20.

Bob Stan
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