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On the sidelines.

On the sidelines. | 19 December 2019

19 December 2019, USD/JPY

On the sidelines.

Wave Analysis

After the impulsive wave to the upper side, we're yet to see any serious moves to the upper side. We're waiting for a clear breakout above the level 109.70 to pick a possible long term buy order towards 110.00 or even higher. If you're looking for a trade now, you could watch for a possible increase in momentum after a break above 109.70. And should the price break below the previous day's lowest low, then we will be looking for long term sell order towards 108.70 and could continue even lower.

Trade Recommendations:

On the sidelines.

Bob Stan
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