22 января 2019, USD/JPY
Wave Analysis
Despite the previous forecast that this pair could rally to the upperside during the previous intraday, the Us Dollar is currently correcting itself to the lowerside, while the price is below 110.39 and above 108.63, we expect this pair to trade within a range, not going above 110.39 or below 108.63. conservative traders could trade reversals within this range or wait for a break above 110.39 to pick a buy towards 114.11, or sell a break below 108.63 to pick a sell position towards 104.70. As it is, expect a bullish rally towards 110.39.
Trade Recommendations:
Wait.
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