Buy US Dollar above 111.080. | 04 July 2018
04 July 2018, USD/JPY
Wave Analysis
After a rally to the upper side US Dollar failed to break above 111.080, instead it rebounded from this level and is now heading to the lower side. We're still expecting a breakout above 111.080 to look for along position. In case of a breakout above 111.0800, then we 'll expect further rally even higher. The anticipated bullish price rally is the continuation of the impulsive wave (c) to upper side and may extend above 113.340 but should not go beyond 114.360. At the moment, we don't recommend looking for short positions.
Trade Recommendations:
Buy US Dollar above 111.080.
101% Double the volume
!Attention!
All bonus participates in drawdown!
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.
