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Look for buy positions.

Look for buy positions. | 09 January 2020

09 January 2020, USD/JPY

Look for buy positions.

Wave Analysis

During the previous trading day, the impulsive wave (c) continued to the upper side and is still pretty much bullish both on the daily and on the weekly. According to this chart, we expect a possible continuation of the impulsive wave (c) to the upper side and should break above 109.770 or even higher. This view can only be invalidated in case the price breaks and closes below the previous day;s lowest low, if this is the case, then a momentum to the lower side is expected towards 107.670.

Trade Recommendations:

Look for buy positions.

Bob Stan
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