26 Juni 2019, USD/JPY
Wave Analysis
During the previous trading day, the US dollar opened at 107.293 went as low as 106.775 and as high as 107.410, but ended up closing at 107.153, just a few pips below it's opening price. the previous day's candle is a perfect bullish pin bar candle. We expect it to push price to the upperside and should head straight towards 107.898. This is a very good daily level and a good sell place, therefore if price can pullback to it, then it will be a good place to resell the impulsive wave (E) towards 106.450.
Trade Recommendations:
Wait for a resell from 107.898.