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Remain long with your take profit at 110.090.

Remain long with your take profit at 110.090. | 06 February 2020

06 February 2020, USD/JPY

Look for long term buy orders towards 110.090.

Wave Analysis

During the previous trading day, the us dollar continued to the upper side and is still pretty much bullish both on the daily charts and on the weekly charts. As long as the price remains above the previous day's highest high and the MACD Columns above 0.0, I expect nothing but a possible momentum to the upper side and should break above 110.090. If this is the case, then further momentum much higher is expected towards 111.23. This view can only be invalidated in case the price breaks below 108.00.

Trade Recommendations:

Remain long with your take profit at 110.090.

Bob Stan
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