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Remain short

Remain short | 03 March 2020

03 March 2020, USD/JPY

Remain short

Wave Analysis

After the end of the corrective wave (iv) around 108.290, the US Dollar continued to the lowerside an is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below 108.290, we expect nothing but a posible momentum to the lowrside, the anticipated bearish price rally is the continuation of the impusive wave (v) and should break beyond 106.775 towards 105.00 or even lower. As it is now, we only recommend looking for long term sell orders.

Trade Recommendations:

Remain short

Bob Stan
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