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Wait for corrections to pick low risk sell orders

Wait for corrections to pick low risk sell orders | 06 June 2019

06 June 2019, USD/JPY

Wave Analysis

Yesterday, the cable pulled back to the upperside instead of heading to the lowerside as previously expected. As long as the price remains below 109.71, we're looking for low risk sell orders. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should breakout below 107.710 towards 105.00 or even lower. A retracement back towards 109.71 or a breakout below 107.710 will attract a low risk sell order towards 105.00 or even lower.

Trade Recommendations:

We're looking for low risk sell orders from 109.71

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