Wait | 01 April 2019

01 April 2019, USD/JPY

usdjpy

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Wave Analysis

After an unprecedented decline below 110.836, the US Dollar pulled back upwards and is now around the same level. According to the monthly chart, we're looking for a possible long term buy, and while the price remains below 110.836 on the weekly chart, we're choose to remains flat. We're waiting for a clear retracement back to the lowerside to pick a low risk monthly buy towards 114.193. A break above this target will push the price even higher towards 117.836. The anticipated long term rally is the continuation of the larger impulsive wave [c] and may head above 117.836.

Trade Recommendations:

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Bob Stan
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