Look for buy positions above 107.65. | 18 September 2019

18 September 2019, USD/JPY

Look for buy positions above 107.65.

Wave Analysis

Nothing much appears to be happening on this pair, the US Dollar is still above the upper trendline. As long as the price remains above this zone, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave 5 and (c). This view can only be invalidated in case the price breaks below the immediate trendline if this is the case, then we'll expect further momentum even further to the lowerside towards 104.70.

Trade Recommendations:

Look for buy positions above 107.65.

Bob Stan
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