29 августа 2019, USD/JPY
Wave Analysis
The US Dollar is moving perfectly inline with the previous day's forecast. As long as the price remains above 105.178, we're expecting a possible momentum, further to the upper side towards 106.716 to sell the last impulsive wave (E) but should not go beyond 105.178. A breakout above 106.716 will push the price further to the upperside with the next ideal target being 110.00 or even higher. As a recommendations, conservative traders should look for sell orders upon a bounce from 106.716.
Trade Recommendations:
Place a pending sell limit order around 106.716
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