01 августа 2019, USD/JPY
Wave Analysis
Yesterday, instead of continuing to the lowerside, the US Dollar spiked massively to the upperside and is still pretty much bullish both on the daily and the weekly charts. As long as the price remains above the upper trendline, i Expect further momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (E) to the upperside and should break even higher towards 110.00 or even lower. As it is, only buy positions looks ideal and can be recommended.
Trade Recommendations:
Look for low risk buy orders towards 110.00.
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