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Remain short with your take profit at 108.700.

Remain short with your take profit at 108.700. | 23 January 2020

23 January 2020, USD/JPY

Remain short with your take profit at 108.700.

Wave Analysis

Yesterday, the us dollar continued to the lower side and successfully went below the level 109.013. As long as the price remains below 109.013, we expect further momentum to the lower side and should break below 109.835. As long as the price remains below this zone, we expect further momentum, much lower. The anticipated bearish price rally is the continuation of the impulsive wave cycle and could break below 109.240. As it is on this chart, only sell positions looks ideal and can be recommended.

Trade Recommendations:

Remain short with your take profit at 108.700.

Bob Stan
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