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Look for long term buy orders towards 110.090.

Look for long term buy orders towards 110.090. | 05 February 2020

05 February 2020, USD/JPY

Look for long term buy orders towards 110.090.

Wave Analysis

After a tremendous decline in price, the US Dollar could not go below 108.140, we expect this bounce to have marked an end to the corrective three wave cycle that the current bullish price rally is the continuation of an impulsive wave could and could push price mush higher towards 110.090. We' are basically, expecting a break above this level to confirm further momentum to the upper side and should break mush higher towards 114.23. This view can only be invalidated in case the price breaks below 108.140.

Trade Recommendations:

Look for long term buy orders towards 110.090.

Bob Stan
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