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:Buy the US Dollar towards 114.55.

:Buy the US Dollar towards 114.55. | 31 December 2019

31 December 2019, USD/JPY

:Buy the US Dollar towards 114.55.

Wave Analysis

Yesterday, Our stops were taken out when the price rallied and even closed below Fridays lowest low, this is a possible sign that we are continuing to the lowerside towards 106.35. Right now the price is around a very significant weekly support level 108.21, if the price successfully close below this zone, then this is what may invalidate the anticipated bullish price rally and could mean we are continuing to the lower side. As it is no,we still expect to continue long with the impulsive wave v ultimately and could see price break much higher towards 114.55

Trade Recommendations

:Buy the US Dollar towards 114.55.

Bob Stan
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