USD/JPY Forecast: US Dollar bounced off from the supportive level 109.205

jy-l4Wave Analysis:

Eelier today, US Dollar bounced off from the supportive level 109.205 and is currently heading straight to the upper side. As it is on the daily chart, we are buyers towards 109.90 and may continue even higher. If the price breaks above this level, then further momentum much higher is expected towards 110 and may continue even higher. On the flipside, should the price break below 109.205, then thus will be the ideal place to consider a possible long term sell position towards 107.

Trade Recommendations

We’re buyers towards 110.

Origin: FreshForex

Рейтинг FOREX брокеров

Рекомендуемые брокеры


 

Leave a Reply