Elliott waves analysis – We’re long from 113.10.

USDJPY – Down

Wave Analysis

The US Dollar is currently pulling back to the lowerside. We’re waiting for a clear rebound from the now, supportive level 113.10, As long as the price is above this level, we expect nothing but a possible momentum to the upperside. If you’re not already in a long position, you could wait for a decline towards 113.10 to pick a long term long position. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside and should break above 114.00 towards 118.00 or even higher to 121.00.

Trade Recommendations:

We’re long from 113.10.

101% Double the volume

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