04 Maret 2019, USD/JPY
Wave Analysis
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.