29 октября 2018, USD/JPY
Wave Analysis
According to the weekly chart above, the US Dollar is currently bouncing from the trend indicator Envelopes. As long as both the lower and the upper envelope protects the lowerside we expect a possible momentum to the upperside. The anticipated bullish price rally is the continuation of both the impulsive waves v and (c) and should break above 114.182 towards 117.883. This view can only be invalidated in case the price rebound from 114.182, if this is the case, then a momentum to the lowerside is expected.
Trade Recommendations:
we're still long
101% Double the volume
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