Buy us dollar towards 114.25. | 02 January 2020
02 January 2020, USD/JPY
Wave Analysis
As expected, the US dollar moved to the lower side but could not go beyond 109.05. As long as the price remains above 109.05, we expect nothing but a possible momentum to the lowerside, we are waiting for a clear sign that the correction to the lower side is ended so that we buy the last impulsive wave v to the upper side and should break above 109.90 towards 114.25. If the price breaks and closes below 109.05, then this will give us a good place to pick a long term sell order towards 104.77.
Trade Recommendations:
Buy us dollar towards 114.25.
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.
