31 7月 2019, USD/JPY
Wave Analysis
The US Dollar is currently rallying around a major support zone 108.470-108.270. This is a verifies support according to the chart above and as long as the price remains above it, we expect nothing but a possible momentum to the upperside. Basically we're waiting for a sign that the corrective three wave cycle is ended so that we can pick a long term buy. And on the flipside, only a clear breakout below 108.270 may mean we're heading to the lowerside with an ultimate target at 107.970.
Trade Recommendations:
Look for buy orders now