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Wait for a resell from 107.898.

Wait for a resell from 107.898. | 25 June 2019

25 June 2019, USD/JPY

Wait for a resell from 107.898.

Wave Analysis

Earlier today, the US Dollar rallied steeply to the lowerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below 107.898, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should breakout below 106.450 towards 105.00 or even lower. And on the flip-side, should price pullback to the upperside, then the best place to look for a sell is 107.898.

Trade Recommendations:

Wait for a resell from 107.898.

Bob Stan
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