Rebuy the US Dollar from 110.836 towards 114.191. | 04 March 2019
04 March 2019, USD/JPY
During the previous week, the US dollar rose significantly to the upperside and even went above the level 110.836. This is a bullish dominance sign and while the price is above the level 110.836, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the current impulsive five wave cycle and should break above 114.19 1 towards 117.978. If you're not in a buy position already, you could wait for a pullback towards 110.836 to buy the next impulsive wave (iii) towards 114.191.
Trade Recommendations:Rebuy the US Dollar from 110.836 towards 114.191.
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.
