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USDJPY Completing Wave Movement

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FX:USDJPY   Dólar Americano/Iene Japonês
Pair is doing a pretty amazing movement so it is very challenging to make predictions. While doing the movement down the pair is stuck at 104.500 and again move up towards the resistance line at 112.900. This movement is quite promising as the final complement of the rising waves.

If the price does not move down to the level of 106,700, then this movement will be confirmed and direct to the wave completion. It is currently a promising level to make a purchase and its take profit level is 111,700 for some time to come and a good stop loss point is 109,000.

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