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Look for a possible long term sell order with an ideal target around 107.895.

Look for a possible long term sell order with an ideal target around 107.895. | 13 February 2020

13 February 2020, USD/JPY

Wave Analysis

Yesterday, the US Dollar continued to the upper side but could not break above 110.255. As long as the price remains below the zone 110.255, we expect nothing but a possible momentum to the lower side, ideally, this pair is bearish according to the monthly chart, therefore, if the price should give us a good sell signal around 110.255, we are waiting for long term sell order. This view can only be invalidated in case the price breaks and closes above 110.255, if this is the case, then a momentum to the upper side is ideal.

Trade Recommendations:

Look for a possible long term sell order with an ideal target around 107.895.

Bob Stan
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