FOREX forecast USD/JPY for 13 october 2018

jy-l3Wave Analysis

The US Dollar continues to edge even higher but is still below 114.060. If you’re not in any position at the moment, you could wait for a break above 114.060 to pick a long term long position with an ultimate target at 117.00. The main idea here is to wait for a break above 114.060, to buy the last impulsive wave (5) with an ultimate target at 117.00. According to the chart above, only buy positions looks more ideal, but should the price break below the dynamic support marked by the indicator, envelopes, then we’ll look for a sell.

Trade Recommendation:

We’re long towards 114.060.

Origin: FreshForex

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